Addenda Capital Inc. Has $6.94 Million Stock Position in United Parcel Service, Inc. $UPS

Addenda Capital Inc. increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,778 shares of the transportation company’s stock after buying an additional 13,539 shares during the quarter. Addenda Capital Inc.’s holdings in United Parcel Service were worth $6,942,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Goldman Sachs Group Inc. raised its holdings in United Parcel Service by 124.0% during the 1st 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. lifted its position in United Parcel Service by 1,056.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock valued at $476,936,000 after acquiring an additional 3,961,255 shares in the last quarter. Nuveen LLC bought a new stake in United Parcel Service in the 1st quarter valued at $201,358,000. Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 7.7% in the 1st 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 period. Finally, Assenagon Asset Management S.A. raised its stake in shares of United Parcel Service by 443.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock valued at $156,453,000 after purchasing an additional 1,264,842 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

United Parcel Service stock opened at $83.74 on Friday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The stock’s fifty day moving average price is $87.90 and its two-hundred day moving average price is $96.45. 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 firm has a market cap of $70.98 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS 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 quarter in the prior year, the firm earned $1.79 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. United Parcel Service’s payout ratio is 97.62%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi acquired 500 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director directly owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost 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 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 worth $1,477,382 over the last three months. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Oppenheimer reduced their price target on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. Susquehanna lowered their price target on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. Stifel Nicolaus reduced their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Finally, Galvan Research lowered their target price on United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $111.38.

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.