Berkeley Capital Partners LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 69.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,920 shares of the transportation company's stock after purchasing an additional 6,133 shares during the quarter. Berkeley Capital Partners LLC's holdings in United Parcel Service were worth $1,506,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after acquiring an additional 4,988,044 shares during the period. Pacer Advisors Inc. increased its stake in shares of United Parcel Service by 1,056.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock worth $476,936,000 after acquiring an additional 3,961,255 shares during the period. Nuveen LLC acquired a new stake in shares of United Parcel Service in the first quarter worth $201,358,000. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock worth $2,754,751,000 after acquiring an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of United Parcel Service by 443.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company's stock worth $156,453,000 after acquiring an additional 1,264,842 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.
United Parcel Service Stock Performance
Shares of NYSE UPS opened at $86.88 on Tuesday. The company's fifty day moving average price is $85.59 and its 200 day moving average price is $93.34. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The company has a market capitalization of $73.64 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.
United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.79 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.
United Parcel Service Announces Dividend
The business also recently disclosed 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. This represents a $6.56 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on UPS shares. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 30th. Truist Financial cut their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $96.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday, October 8th. Finally, Wolfe Research lowered their price target on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of "Hold" and a consensus price target of $109.31.
Read Our Latest Stock Analysis on United Parcel Service
Insider Buying and Selling at United Parcel Service
In related news, CEO Carol B. Tome acquired 11,682 shares of the firm's stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Johnson acquired 5,000 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director owned 10,160 shares of the company's stock, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock valued at $1,477,382 over the last ninety days. Corporate insiders own 0.13% of the company's stock.
About United Parcel Service
(
Free Report)
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.
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