AlTi Global Inc. Purchases New Shares in United Parcel Service, Inc. $UPS

AlTi Global Inc. purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,064 shares of the transportation company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also modified their holdings of UPS. Brighton Jones LLC boosted its position in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the period. Golden State Wealth Management LLC boosted its position in shares of United Parcel Service by 248.3% in the 1st quarter. Golden State Wealth Management LLC now owns 3,403 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 2,426 shares during the period. Perigon Wealth Management LLC boosted its position in shares of United Parcel Service by 0.9% in the 1st quarter. Perigon Wealth Management LLC now owns 28,195 shares of the transportation company’s stock valued at $3,101,000 after purchasing an additional 251 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of United Parcel Service by 62.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 105,599 shares of the transportation company’s stock valued at $11,615,000 after purchasing an additional 40,649 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of United Parcel Service by 12.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 2,085 shares of the transportation company’s stock valued at $229,000 after purchasing an additional 224 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.2%

UPS opened at $87.21 on Friday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $140.33. The business has a 50-day moving average of $85.52 and a 200-day moving average of $93.18. 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 company has a market capitalization of $73.91 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.62 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. During the same period last year, the business earned $1.79 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.62%.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the purchase, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. The trade was a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christiana Smith Shi acquired 500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares in the company, valued at $44,085. This represents a ? increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 17,182 shares of company stock valued at $1,477,382. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UPS. Bank of America reduced their price objective on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Morgan Stanley reduced their price objective 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. Citigroup reduced their price objective on United Parcel Service from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Wall Street Zen downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Finally, Truist Financial reduced their price objective on United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average target price of $109.31.

About United Parcel Service

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.