Voya Investment Management LLC Sells 59,257 Shares of United Parcel Service, Inc. $UPS

Key Points

• Voya Investment Management LLC has decreased its holdings in United Parcel Service, Inc. by 10.5%, selling 59,257 shares during the first quarter, and now owns approximately 0.06% of the company, valued at $55.27 million.
• CEO Carol B. Tome significantly increased her ownership in the company by acquiring 11,682 shares, resulting in an 89.61% increase in her stake.
• UPS recently reported earnings, missing the consensus EPS estimate, and announced a quarterly dividend of $1.64 per share, indicating a 7.8% yield based on current price levels.

Voya Investment Management LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 502,504 shares of the transportation company's stock after selling 59,257 shares during the period. Voya Investment Management LLC owned approximately 0.06% of United Parcel Service worth $55,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UPS. Pinney & Scofield Inc. purchased a new stake in United Parcel Service in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth about $28,000. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service during the 1st quarter valued at about $26,000. Citizens National Bank Trust Department grew its stake in shares of 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 valued at $27,000 after buying an additional 210 shares in the last quarter. Finally, Hemington Wealth Management increased its holdings in United Parcel Service by 68.9% in 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 during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.3%

UPS stock traded down $0.28 during mid-day trading on Monday, reaching $84.07. The company had a trading volume of 6,372,705 shares, compared to its average volume of 6,603,825. The company has a market capitalization of $71.26 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.55 and a beta of 1.08. 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 stock has a 50 day simple moving average of $91.22 and a two-hundred day simple moving average of $98.71. 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 released its quarterly earnings data 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 company 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%.During the same period last year, the firm earned $1.79 earnings per share. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service's payout ratio is 97.62%.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi purchased 500 shares of the company's 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 purchase, the director owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,182 shares of company stock worth $1,477,382 in the last 90 days. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on UPS. Morgan Stanley lowered their target price on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 30th. BNP Paribas upgraded shares of United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Oppenheimer decreased their target price 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 upgraded United Parcel Service from a "sell" rating to a "hold" rating in a research report on Sunday, September 7th. Finally, Truist Financial dropped their price objective on United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $112.34.

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.