Intech Investment Management LLC Grows Stock Holdings in United Parcel Service, Inc. $UPS

Intech Investment Management LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,199 shares of the transportation company’s stock after buying an additional 3,444 shares during the period. Intech Investment Management LLC’s holdings in United Parcel Service were worth $4,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. Goldman Sachs Group Inc. increased its holdings 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 buying an additional 4,988,044 shares during the last quarter. Pacer Advisors Inc. increased its holdings 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 buying an additional 3,961,255 shares during the last quarter. Nuveen LLC acquired a new stake in shares of United Parcel Service during the 1st quarter worth $201,358,000. Charles Schwab Investment Management Inc. increased its holdings in shares of United Parcel Service by 7.7% during 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 buying an additional 1,780,807 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of United Parcel Service by 582.0% during the 1st quarter. AQR Capital Management LLC now owns 1,180,709 shares of the transportation company’s stock worth $128,886,000 after buying an additional 1,007,585 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.3%

Shares of NYSE UPS opened at $84.40 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a fifty day moving average price of $91.22 and a 200 day moving average price of $98.96. The company has a market cap of $71.53 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.56 and a beta of 1.08. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month 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). The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on UPS. Citigroup dropped their price objective on United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Galvan Research dropped their price objective on United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a report on Monday, June 30th. Wells Fargo & Company dropped their price objective on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, July 30th. Evercore ISI lowered their price target on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. Finally, Susquehanna lowered 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. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $112.34.

Insider Buying and Selling at United Parcel Service

In other news, Director Christiana Smith Shi acquired 500 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% 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 ninety days. 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.