Sei Investments Co. Raises Position in United Parcel Service, Inc. $UPS

Key Points

• Sei Investments increased its UPS stake by 26.3% in the first quarter, purchasing 87,985 additional shares for a total position of 422,499 shares valued at approximately $41.6 million. Institutional investors collectively own 60.26% of UPS.
• UPS beat quarterly earnings expectations with $1.07 in EPS versus the $1.02 consensus and revenue of $21.20 billion, though revenue declined 1.4% year over year and EPS fell from $1.49.
• The company paid a quarterly dividend of $1.64, equivalent to an annualized $6.56 dividend and a 5.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $111.50, below the reported share price of $114.60.

Sei Investments Co. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 422,499 shares of the transportation company's stock after buying an additional 87,985 shares during the period. Sei Investments Co.'s holdings in United Parcel Service were worth $41,568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in United Parcel Service in the 2nd quarter worth approximately $277,000. SVB Wealth LLC bought a new position in shares of United Parcel Service in the 2nd quarter worth $848,000. Treasurer of the State of North Carolina increased its holdings in shares of United Parcel Service by 2.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company's stock worth $34,609,000 after buying an additional 9,124 shares during the last quarter. Finally, Ieq Capital LLC raised its position in shares of United Parcel Service by 154.5% during the 2nd quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company's stock valued at $10,580,000 after buying an additional 63,629 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.2%

Shares of UPS opened at $114.60 on Monday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The firm has a market cap of $97.41 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.83 and a beta of 1.05. The firm has a 50 day moving average price of $108.28 and a 200-day moving average price of $106.66. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.49 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service's payout ratio is 106.15%.

Analysts Set New Price Targets

UPS has been the subject of a number of research analyst reports. Weiss Ratings raised shares of United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, July 10th. Evercore reduced their target price on United Parcel Service from $115.00 to $113.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 22nd. Stephens upgraded United Parcel Service to a "strong-buy" rating in a research report on Wednesday, July 8th. Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Citigroup upped their price objective on United Parcel Service from $127.00 to $132.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $111.50.

About United Parcel Service

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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