United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Vanguard Group Inc.
Vanguard Group Inc. increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.5% in Q1, owning 66,136,226 shares valued at approximately $7.27 billion. Other institutional investors also adjusted their positions. Analysts have set a consensus rating of "Hold" for UPS, with an average price target of $112.81. Recent insider transactions include CEO Carol B. Tome purchasing 11,682 shares and Director William R. Johnson acquiring 5,000 shares. UPS shares opened at $86.27, with a 12-month range of $84.28 to $145.01.
Vanguard Group Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,136,226 shares of the transportation company's stock after purchasing an additional 999,832 shares during the period. Vanguard Group Inc. owned about 7.74% of United Parcel Service worth $7,274,323,000 as of its most recent SEC filing.
Get United Parcel Service alerts:
- Build Stability and Income With 3 Overlooked Dividend Leaders
A number of other institutional investors have also made changes to their positions in the company. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service in the first quarter worth $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service in the fourth quarter worth $27,000. Citizens National Bank Trust Department increased its stake in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after buying an additional 210 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service in the fourth quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of United Parcel Service in the fourth quarter worth $31,000. 60.26% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
UPS has been the subject of several recent research reports. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Susquehanna lowered their target price on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Morgan Stanley reduced their price target on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a report on Wednesday, July 30th. Daiwa America reduced their price target on shares of United Parcel Service from $120.00 to $103.00 in a report on Wednesday, April 30th. Finally, Bernstein Bank boosted their price target on shares of United Parcel Service from $132.00 to $133.00 in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $112.81.
- UPS Is Outpacing the Market: A Green Light for Investors?
View Our Latest Report on United Parcel Service
Insider Activity
In related news, CEO Carol B. Tome acquired 11,682 shares of the business's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% 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, Director William R. Johnson acquired 5,000 shares of the business's stock in a transaction on 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 approximately $878,840. This trade represents a 96.90% increase in their position. The disclosure for this purchase can be found here. 0.13% of the stock is currently owned by insiders.
United Parcel Service Price Performance
- 3 High-Paying Dividend Stocks That Still Have Safe Payouts
Shares of NYSE UPS opened at $86.27 on Thursday. United Parcel Service, Inc. has a twelve month low of $84.28 and a twelve month high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $73.06 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.58 and a beta of 1.12. The firm has a 50-day moving average of $98.68 and a two-hundred day moving average of $105.25.
United Parcel Service (NYSE:UPS - Get Free Report) last issued 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). The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service's revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 earnings per share. As a group, analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service's payout ratio is presently 97.62%.
About United Parcel Service
(Free Report)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.
Further Reading
- Five stocks we like better than United Parcel Service
- Financial Services Stocks Investing
- RSI Stock Soars 22% On Q2 Blowout—Will PENN Match the Momentum?
- 3 Warren Buffett Stocks to Buy Now
- How DigitalOcean's Focus Is Fueling Explosive Growth
- Investing in Construction Stocks
- Can Celsius Stock Keep Its Momentum Going Any Longer?
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in United Parcel Service Right Now?
Before you consider United Parcel Service, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Parcel Service wasn't on the list.
While United Parcel Service currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
