United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in United Parcel Service by 8.8%, now owning 3,941,337 shares worth approximately $433.5 million as of the last reporting period.
• UPS reported earnings per share (EPS) of $1.55 for the last quarter, missing estimates and reflecting a 2.7% year-over-year decline in revenue.
• The company announced a quarterly dividend of $1.64 per share, leading to an annualized yield of 7.6%, with the dividend payout ratio at 97.62%.

Invesco Ltd. increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,941,337 shares of the transportation company's stock after purchasing an additional 317,472 shares during the quarter. Invesco Ltd. owned approximately 0.46% of United Parcel Service worth $433,508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gallacher Capital Management LLC bought a new position in shares of United Parcel Service in the first quarter worth $620,000. Garde Capital Inc. bought a new position in United Parcel Service in the first quarter valued at approximately $37,000. Golden State Wealth Management LLC raised its position in United Parcel Service by 61.3% during the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after purchasing an additional 599 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of United Parcel Service by 5.9% in the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after purchasing an additional 193 shares in the last quarter. Finally, Advisor Resource Council bought a new position in shares of United Parcel Service in the 1st quarter valued at $437,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UPS shares. Vertical Research reissued a "hold" rating and issued a $103.00 price objective on shares of United Parcel Service in a research report on Wednesday, July 30th. Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Stifel Canada decreased their target price on United Parcel Service from $145.00 to $124.00 in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price target on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Finally, BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective for the company in a report on Thursday, July 3rd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $112.81.

Insiders Place Their Bets

In other news, Director William R. Johnson purchased 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of the business's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded up $0.74 during trading on Wednesday, hitting $88.17. 13,562,197 shares of the stock traded hands, compared to its average volume of 6,379,206. The stock has a market cap of $74.66 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.57 and a beta of 1.12. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 52 week low of $84.28 and a 52 week high of $145.01. The firm's fifty day moving average is $97.80 and its 200-day moving average is $103.79.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. The firm's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.79 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service's dividend payout ratio is presently 97.62%.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.