Versor Investments LP Makes New $344,000 Investment in United Parcel Service, Inc. $UPS

Key Points

• Versor Investments LP made a new investment of approximately $344,000 in United Parcel Service, acquiring 3,125 shares in the first quarter.
• Insider transactions include Director William R. Johnson purchasing 5,000 shares for $432,500 and CEO Carol B. Tome acquiring 11,682 shares for roughly $1 million, significantly increasing their ownership stakes.
• United Parcel Service announced a quarterly dividend of $1.64 per share, with a high annualized dividend yield of 7.6%.

Versor Investments LP acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,125 shares of the transportation company's stock, valued at approximately $344,000.

Other hedge funds have also recently bought and sold shares of the company. Colonial Trust Co SC grew its position in United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock valued at $911,000 after purchasing an additional 98 shares during the period. Juncture Wealth Strategies LLC grew its position in United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after purchasing an additional 101 shares during the period. TCV Trust & Wealth Management Inc. grew its position in 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 period. Diligent Investors LLC grew its position in United Parcel Service by 1.7% in the 4th quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company's stock valued at $848,000 after purchasing an additional 111 shares during the period. Finally, Lodestone Wealth Management LLC grew its position in United Parcel Service by 6.2% in the 1st quarter. Lodestone Wealth Management LLC now owns 1,895 shares of the transportation company's stock valued at $208,000 after purchasing an additional 111 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated 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 purchase, the director directly owned 10,160 shares of the company's stock, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

UPS has been the subject of several research reports. Stephens reduced their price target on shares of United Parcel Service from $110.00 to $101.00 in a research report on Wednesday, April 30th. Morgan Stanley cut their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a report on Wednesday, July 30th. Evercore ISI cut their price objective on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Loop Capital cut their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Finally, Wolfe Research cut 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 report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $112.81.

United Parcel Service Trading Down 0.9%

NYSE UPS opened at $86.1620 on Friday. The stock has a market capitalization of $73.03 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.60 and a beta of 1.12. United Parcel Service, Inc. has a one year low of $84.28 and a one year 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. The business's fifty day moving average is $96.11 and its 200-day moving average is $102.16.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion for 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 company's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.79 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Monday, August 18th. United Parcel Service's 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.

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