Voleon Capital Management LP Raises Holdings in United Parcel Service, Inc. $UPS

Key Points

• Voleon Capital Management LP increased its stake in United Parcel Service, Inc. (UPS) by 30.3%, owning 16,427 shares valued at approximately $1.8 million as of the latest SEC filing.
• Several institutional investors also acquired shares in UPS recently, with hedge funds owning 60.26% of the stock, indicating strong institutional interest.
• UPS announced a quarterly dividend of $1.64 per share, yielding 7.8% annually, while the company's payout ratio stands at 97.62%.

Voleon Capital Management LP boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 30.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,427 shares of the transportation company's stock after purchasing an additional 3,819 shares during the quarter. Voleon Capital Management LP's holdings in United Parcel Service were worth $1,807,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Graybill Wealth Management LTD. bought a new stake in United Parcel Service in the first quarter valued at $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service in the fourth quarter worth $27,000. Citizens National Bank Trust Department grew its holdings in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service in the 4th quarter worth about $28,000. Finally, Hemington Wealth Management increased its stake in shares of United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

UPS has been the subject of a number of research reports. Morgan Stanley dropped their price target on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a research note on Wednesday, July 30th. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target for the company in a report on Thursday, July 3rd. Truist Financial cut their price target on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Vertical Research reaffirmed a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Finally, Barclays dropped their target price on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $112.59.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director owned 500 shares of the company's stock, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

NYSE UPS traded down $0.49 during trading hours on Wednesday, hitting $83.91. 6,663,812 shares of the stock were exchanged, compared to its average volume of 6,588,796. The company has a market cap of $71.12 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. United Parcel Service, Inc. has a 12-month low of $83.05 and a 12-month high of $145.01. The stock has a 50-day moving average of $92.44 and a 200 day moving average of $99.52. 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 (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. During the same quarter last year, the firm earned $1.79 EPS. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. United Parcel Service's dividend payout ratio is currently 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.