XTX Topco Ltd Makes New $7.37 Million Investment in United Parcel Service, Inc. (NYSE:UPS)

Key Points

• XTX Topco Ltd recently invested approximately $7.37 million in United Parcel Service (UPS), acquiring 67,039 shares, which now represents 0.4% of its investment portfolio.
• Various institutional investors have significantly increased their holdings in UPS, with Pacer Advisors Inc. boosting its stake by 1,056.6% in the first quarter.
• United Parcel Service has declared a quarterly dividend of $1.64 per share, yielding 6.47% annually, although its dividend payout ratio is currently at 95.63%.

XTX Topco Ltd acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 67,039 shares of the transportation company's stock, valued at approximately $7,374,000. United Parcel Service makes up approximately 0.4% of XTX Topco Ltd's holdings, making the stock its 15th biggest position.

A number of other hedge funds have also modified their holdings of UPS. Pacer Advisors Inc. boosted its position in United Parcel Service by 1,056.6% during the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock valued at $476,936,000 after purchasing an additional 3,961,255 shares during the last quarter. Franklin Resources Inc. boosted its position in United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in United Parcel Service during the fourth quarter valued at approximately $145,846,000. Price T Rowe Associates Inc. MD boosted its position in United Parcel Service by 19.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock valued at $815,102,000 after purchasing an additional 1,064,293 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in United Parcel Service by 316.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock valued at $141,581,000 after purchasing an additional 853,388 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UPS. TD Cowen reduced their price target on United Parcel Service from $117.00 to $107.00 in a research report on Wednesday, April 30th. Galvan Research dropped their price target on United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a report on Monday, June 30th. Loop Capital dropped their price target on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Daiwa America lowered their price objective on United Parcel Service from $120.00 to $103.00 in a research note on Wednesday, April 30th. Finally, HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $140.00 to $105.00 in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $113.38.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $3.64 during mid-day trading on Wednesday, hitting $87.20. 20,933,438 shares of the stock traded hands, compared to its average volume of 5,541,519. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09. United Parcel Service, Inc. has a twelve month low of $87.01 and a twelve month high of $145.01. The company has a market cap of $73.84 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21. The firm has a 50 day simple moving average of $99.75 and a two-hundred day simple moving average of $106.69.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data 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 net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same period last year, the business earned $1.79 EPS. The company's 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 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.52%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

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.