Quantitative Investment Management LLC Purchases Shares of 344,800 United Parcel Service, Inc. (UPS)
Quantitative Investment Management LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 344,800 shares of the transportation company’s stock, valued at approximately $38,131,000. United Parcel Service accounts for approximately 0.6% of Quantitative Investment Management LLC’s portfolio, making the stock its 29th biggest position.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in United Parcel Service by 2.2% in the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after acquiring an additional 1,030,326 shares during the period. BlackRock Inc. increased its position in shares of United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after buying an additional 43,351,873 shares in the last quarter. Wellington Management Group LLP increased its position in shares of United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after buying an additional 1,117,802 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of United Parcel Service by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock valued at $2,606,905,000 after buying an additional 1,246,981 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of United Parcel Service by 10.0% in the first quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock valued at $699,640,000 after buying an additional 593,756 shares in the last quarter. 53.07% of the stock is owned by institutional investors.
A number of research firms have recently commented on UPS. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Goldman Sachs Group, Inc. (The) began coverage on United Parcel Service in a research report on Monday. They issued a “buy” rating and a $148.00 price objective for the company. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $108.00 price objective on shares of United Parcel Service in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $120.74.
Shares of United Parcel Service, Inc. (NYSE UPS) opened at $114.07 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. The stock has a market capitalization of $98,935.22, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $121.75.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. The company had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS. equities research analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, November 10th. United Parcel Service’s payout ratio is currently 81.37%.
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In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.59% of the stock is owned by corporate insiders.
United Parcel Service Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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