IFM Investors Pty Ltd Has $13.62 Million Stock Position in United Parcel Service, Inc. $UPS

Key Points

• IFM Investors Pty Ltd increased its stake in United Parcel Service (UPS) by 2.7%, owning 134,975 shares valued at approximately $13.6 million.
• Overall, 60.26% of UPS stock is held by institutional investors, with several funds significantly increasing their positions during the recent quarters.
• UPS recently announced a quarterly dividend of $1.64 per share, contributing to an annualized dividend yield of 7.8% despite a payout ratio of 97.62%.

IFM Investors Pty Ltd boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,975 shares of the transportation company's stock after purchasing an additional 3,537 shares during the quarter. IFM Investors Pty Ltd's holdings in United Parcel Service were worth $13,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Juncture Wealth Strategies LLC increased its stake in shares of United Parcel Service by 2.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after purchasing an additional 101 shares during the last quarter. Bangor Savings Bank increased its stake in United Parcel Service by 1.9% during the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company's stock worth $546,000 after acquiring an additional 101 shares during the period. First Dallas Securities Inc. increased its stake in United Parcel Service by 0.9% during the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company's stock worth $1,256,000 after acquiring an additional 102 shares during the period. TCV Trust & Wealth Management Inc. increased its stake in shares of United Parcel Service by 1.4% in the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock valued at $830,000 after purchasing an additional 103 shares during the last quarter. Finally, Fortis Capital Advisors LLC boosted its holdings in shares of United Parcel Service by 3.4% during the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company's stock valued at $350,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

UPS has been the topic of several recent research reports. Oppenheimer cut their price objective on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Wall Street Zen lowered United Parcel Service from a "hold" rating to a "sell" rating in a research report on Saturday. Evercore ISI lowered their price objective on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a research report on Wednesday, July 30th. Barclays decreased their price objective on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. cut their target price on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and an average price target of $111.44.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The shares were purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Johnson bought 5,000 shares of the stock in a transaction on Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the purchase, the director owned 10,160 shares of the company's stock, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by company insiders.

United Parcel Service Price Performance

NYSE UPS traded up $1.35 during trading hours on Tuesday, hitting $85.58. 2,173,089 shares of the company's stock traded hands, compared to its average volume of 6,680,892. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $72.53 billion, a PE ratio of 12.74, a PEG ratio of 1.55 and a beta of 1.08. The firm's 50-day moving average is $89.16 and its 200-day moving average is $97.24. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. During the same period in the previous year, the company earned $1.79 earnings per share. United Parcel Service's quarterly revenue was down 2.7% on a year-over-year basis. Equities analysts forecast 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 was paid on Thursday, September 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.7%. United Parcel Service's payout ratio is 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.