United Parcel Service, Inc. $UPS Shares Bought by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,285 shares of the transportation company’s stock after purchasing an additional 4,056 shares during the period. ASR Vermogensbeheer N.V.’s holdings in United Parcel Service were worth $9,214,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares in the last quarter. HBW Advisory Services LLC raised its position in shares of United Parcel Service by 31.3% during the 1st quarter. HBW Advisory Services LLC now owns 2,448 shares of the transportation company’s stock worth $269,000 after purchasing an additional 584 shares during the last quarter. Johnson & White Wealth Management LLC lifted its stake in United Parcel Service by 18.8% in the 1st quarter. Johnson & White Wealth Management LLC now owns 2,524 shares of the transportation company’s stock valued at $278,000 after buying an additional 399 shares in the last quarter. Matrix Trust Co lifted its stake in United Parcel Service by 1.4% in the 1st quarter. Matrix Trust Co now owns 9,766 shares of the transportation company’s stock valued at $1,074,000 after buying an additional 133 shares in the last quarter. Finally, HF Advisory Group LLC boosted its holdings in United Parcel Service by 27.9% in the 1st quarter. HF Advisory Group LLC now owns 13,236 shares of the transportation company’s stock worth $1,456,000 after buying an additional 2,886 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. Morgan Stanley reduced their price objective on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research note on Wednesday, July 30th. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective on the stock in a report on Thursday, July 3rd. Truist Financial dropped their target price on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.41.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi purchased 500 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director directly owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 17,182 shares of company stock worth $1,477,382 over the last quarter. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Performance

NYSE:UPS opened at $85.65 on Friday. 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 capitalization of $72.60 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.55 and a beta of 1.10. The company’s 50-day moving average is $86.54 and its two-hundred day moving average is $95.70. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.79 EPS. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 yield of 7.7%. United Parcel Service’s payout ratio is currently 97.62%.

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.