World Investment Advisors raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 10.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,805 shares of the transportation company’s stock after purchasing an additional 1,987 shares during the quarter. World Investment Advisors’ holdings in United Parcel Service were worth $2,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of UPS. Goldman Sachs Group Inc. lifted its position in United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after purchasing an additional 4,988,044 shares during the last quarter. Pacer Advisors Inc. lifted its position 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 purchasing an additional 3,961,255 shares during the last quarter. Nuveen LLC bought a new stake in United Parcel Service during the first quarter valued at approximately $201,358,000. Charles Schwab Investment Management Inc. lifted its position in United Parcel Service by 7.7% during the first 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 purchasing an additional 1,780,807 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in United Parcel Service by 443.6% during the second 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 last quarter. 60.26% of the stock is currently owned by institutional investors.
United Parcel Service Stock Up 1.7%
Shares of NYSE UPS opened at $96.64 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $138.67. The firm’s fifty day moving average is $86.30 and its 200 day moving average is $93.06. The company has a market cap of $81.91 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 2.29 and a beta of 1.10.
United Parcel Service Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is presently 101.39%.
Wall Street Analyst Weigh In
UPS has been the subject of several research analyst reports. Citigroup lifted their target price on shares of United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday. Vertical Research reiterated a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. Bank of America dropped their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Susquehanna lifted their price target on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average target price of $110.00.
Get Our Latest Stock Analysis on UPS
Insider Transactions at United Parcel Service
In related news, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director owned 500 shares in the company, 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 link. Insiders own 0.13% of the company’s stock.
United Parcel Service 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.
Further Reading
- Five stocks we like better than United Parcel Service
- What is a Dividend King?
- Amazon Earnings: 3 Catalysts That Could Drive Shares to $300
- Trading Stocks: RSI and Why it’s Useful
- Why Chipotle Stock May Bounce After a Brutal Sell-Off
- How to trade using analyst ratings
- Why VGT May Be a Smarter Bet Than Chasing Individual Tech Stocks
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).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.
