Wellington Management Group LLP Trims Stock Holdings in United Parcel Service, Inc. $UPS

Key Points

• Wellington Management Group LLP reduced its holdings in United Parcel Service, Inc. by 23.7% in the first quarter, selling over 3.5 million shares and now owns approximately 1.33% of the company.
• Despite this reduction, other institutional investors such as Goldman Sachs and Pacer Advisors significantly increased their stakes in UPS, indicating varying confidence among investors.
• United Parcel Service recently reported earnings per share (EPS) of $1.55, which missed analysts' expectations, while they also announced a quarterly dividend of $1.64 per share, reflecting a 7.4% dividend yield.

Wellington Management Group LLP trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 23.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,400,472 shares of the transportation company's stock after selling 3,536,789 shares during the quarter. Wellington Management Group LLP owned approximately 1.33% of United Parcel Service worth $1,253,938,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. Goldman Sachs Group Inc. raised its holdings 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 buying an additional 4,988,044 shares during the period. Pacer Advisors Inc. grew its stake in 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 purchasing an additional 3,961,255 shares in the last quarter. Nuveen LLC bought a new position in United Parcel Service in the first quarter worth approximately $201,358,000. Charles Schwab Investment Management Inc. grew its stake in 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 purchasing an additional 1,780,807 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in United Parcel Service in the fourth quarter worth approximately $145,846,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UPS has been the topic of several research analyst reports. Galvan Research dropped their price objective on United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. BMO Capital Markets dropped their price objective on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Citigroup dropped their price objective on United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. dropped their price objective 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. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $112.81.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares of the company's stock, valued at approximately $878,840. This represents a 96.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The shares were bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company's stock.

United Parcel Service Stock Performance

Shares of UPS stock opened at $88.52 on Monday. The firm has a market capitalization of $75.03 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 1.62 and a beta of 1.12. 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 has a fifty day moving average of $97.24 and a 200 day moving average of $102.73. United Parcel Service, Inc. has a 1 year low of $84.28 and a 1 year high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. The business's revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.79 EPS. As a group, research analysts expect 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 will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be paid a dividend of $1.64 per share. The ex-dividend date is Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.4%. United Parcel Service's dividend payout ratio (DPR) is presently 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.

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