Quantitative Investment Management LLC Increases Holdings in United Parcel Service, Inc. $UPS

Key Points

• Quantitative Investment Management LLC increased its stake in United Parcel Service by 884% in the third quarter, adding 25,707 shares to hold 28,615 shares valued at about $2.39 million.
• UPS beat quarterly EPS estimates ($2.38 vs. $2.20) and reported $24.48 billion in revenue (down 3.2% year‑over‑year), while analysts maintain a consensus Hold rating with an average price target of $113.67.
• The company paid a quarterly dividend of $1.64 (annualized $6.56), representing a 6.7% yield and a dividend payout ratio of 100%.

Quantitative Investment Management LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 884.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,615 shares of the transportation company's stock after buying an additional 25,707 shares during the period. Quantitative Investment Management LLC's holdings in United Parcel Service were worth $2,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Acorns Advisers LLC boosted its position in United Parcel Service by 33.0% in the third quarter. Acorns Advisers LLC now owns 3,749 shares of the transportation company's stock worth $313,000 after purchasing an additional 930 shares during the last quarter. Invesco Ltd. increased its position in shares of United Parcel Service by 17.3% during the 3rd quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company's stock valued at $561,678,000 after purchasing an additional 993,461 shares during the last quarter. KLCM Advisors Inc. lifted its stake in shares of United Parcel Service by 42.8% in the 3rd quarter. KLCM Advisors Inc. now owns 208,088 shares of the transportation company's stock worth $17,382,000 after purchasing an additional 62,348 shares during the period. BOKF NA lifted its stake in shares of United Parcel Service by 0.9% in the 3rd quarter. BOKF NA now owns 27,055 shares of the transportation company's stock worth $2,260,000 after purchasing an additional 249 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of United Parcel Service in the third quarter worth approximately $12,906,000. Institutional investors own 60.26% of the company's stock.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Trading Down 2.9%

UPS stock opened at $97.84 on Friday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $83.07 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.59 and a beta of 1.08. The business has a 50 day simple moving average of $110.12 and a two-hundred day simple moving average of $97.81.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm had revenue of $24.48 billion for the quarter, compared to analysts' expectations of $23.91 billion. During the same quarter last year, the business posted $2.75 earnings per share. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service's dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

A number of analysts have commented on UPS shares. Oppenheimer upped their target price on shares of United Parcel Service from $107.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, January 28th. Wells Fargo & Company lifted their price target on shares of United Parcel Service from $96.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 28th. Truist Financial boosted their price objective on shares of United Parcel Service from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Bank of America upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $114.00 price objective for the company in a research note on Friday, January 9th. Finally, HSBC raised United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $113.67.

United Parcel Service Profile

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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