United Parcel Service, Inc. $UPS Shares Acquired by Benin Management CORP

Benin Management CORP lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,878 shares of the transportation company’s stock after purchasing an additional 960 shares during the quarter. United Parcel Service comprises 0.9% of Benin Management CORP’s portfolio, making the stock its 17th largest position. Benin Management CORP’s holdings in United Parcel Service were worth $3,319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 4,988,044 shares during the period. Pacer Advisors Inc. raised its position in shares of United Parcel Service by 1,056.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after purchasing an additional 3,961,255 shares during the period. Nuveen LLC acquired a new stake in United Parcel Service in the 1st quarter valued at approximately $201,358,000. Charles Schwab Investment Management Inc. increased its position 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 valued at $2,754,751,000 after acquiring an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in 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 acquiring an additional 1,264,842 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. 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. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. BNP Paribas upgraded United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target of $109.31.

United Parcel Service Stock Up 1.3%

Shares of UPS stock opened at $88.07 on Wednesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The stock has a market cap of $74.64 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. The business’s fifty day moving average is $85.61 and its 200-day moving average is $93.30. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (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 last year, the business posted $1.79 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities 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 company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.4%. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Insider Activity

In other news, CEO Carol B. Tome purchased 11,682 shares of the stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christiana Smith Shi acquired 500 shares of United Parcel Service 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 completion of the purchase, the director owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by company insiders.

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.