UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $519.06 Million Stake in United Parcel Service, Inc. $UPS

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,719,145 shares of the transportation company’s stock after buying an additional 171,303 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.55% of United Parcel Service worth $519,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after acquiring an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. raised its stake 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 buying an additional 3,961,255 shares during the last quarter. Nuveen LLC purchased a new position in shares of United Parcel Service in the first quarter worth $201,358,000. Charles Schwab Investment Management Inc. raised its stake in shares of 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 during the last quarter. Finally, AQR Capital Management LLC increased its position in United Parcel Service by 582.0% during the first quarter. AQR Capital Management LLC now owns 1,180,709 shares of the transportation company’s stock valued at $128,886,000 after acquiring an additional 1,007,585 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several research analyst reports. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Sunday. Oppenheimer dropped their target price on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Argus decreased their price objective on United Parcel Service from $150.00 to $120.00 in a report on Friday, May 23rd. Susquehanna reduced their price target on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Finally, Truist Financial cut their price target 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 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 given a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $112.59.

Insiders Place Their Bets

In related news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 17,182 shares of company stock valued at $1,477,382 in the last quarter. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.1%

Shares of United Parcel Service stock opened at $84.41 on Wednesday. The firm has a market cap of $71.54 billion, a PE ratio of 12.56, a P/E/G ratio of 1.55 and a beta of 1.08. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The business’s fifty day moving average is $92.44 and its two-hundred day moving average is $99.52. United Parcel Service, Inc. has a fifty-two week low of $83.05 and a fifty-two week high of $145.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same period in the previous year, the company earned $1.79 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm 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%.

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.