Bridgeway Capital Management LLC Has $19.03 Million Stake in United Parcel Service, Inc. $UPS

Key Points

• Bridgeway Capital Management LLC increased its holdings in United Parcel Service by 18.0%, owning approximately 173,050 shares worth $19 million after purchasing an additional 26,417 shares during Q1.
• United Parcel Service's recent quarterly earnings report showed $1.55 earnings per share, narrowly missing analyst expectations, with a slight year-over-year revenue decline of 2.7%.
• The company announced a $1.64 quarterly dividend to be paid in September, reflecting an annualized yield of 7.7% and a dividend payout ratio of 97.62%.

Bridgeway Capital Management LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 18.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 173,050 shares of the transportation company's stock after acquiring an additional 26,417 shares during the period. Bridgeway Capital Management LLC's holdings in United Parcel Service were worth $19,034,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of UPS. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service during the first quarter worth about $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service during the fourth quarter worth about $27,000. Citizens National Bank Trust Department grew its stake in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after buying an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $28,000. Finally, Hemington Wealth Management grew its stake in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after buying an additional 115 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the topic of a number of analyst reports. Wolfe Research reduced their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 1st. Vertical Research reiterated a "hold" rating and set a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. Galvan Research dropped their target price on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a report on Monday, June 30th. Wells Fargo & Company dropped their target price on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday, July 30th. Finally, UBS Group dropped their target price on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $112.59.

Insiders Place Their Bets

In other news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the 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 acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by insiders.

United Parcel Service Trading Up 0.6%

NYSE UPS traded up $0.48 during trading hours on Friday, reaching $84.96. The company's stock had a trading volume of 8,580,388 shares, compared to its average volume of 7,905,999. The firm has a fifty day simple moving average of $93.18 and a 200-day simple moving average of $100.07. The stock has a market cap of $72.01 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.55 and a beta of 1.08. United Parcel Service, Inc. has a 52 week low of $83.67 and a 52 week high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

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

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.7%. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

United Parcel Service Company 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.