United Parcel Service, Inc. $UPS Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 330,738 shares of the transportation company’s stock after purchasing an additional 30,509 shares during the period. Asset Management One Co. Ltd.’s holdings in United Parcel Service were worth $33,385,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Graybill Wealth Management LTD. acquired a new position in shares of United Parcel Service during the first quarter worth $26,000. Citizens National Bank Trust Department raised its stake in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after acquiring an additional 210 shares during the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in United Parcel Service in the 2nd quarter worth $26,000. Hemington Wealth Management raised its stake in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after acquiring an additional 115 shares during the last quarter. Finally, Saudi Central Bank purchased a new position in United Parcel Service in the 1st quarter worth $32,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

United Parcel Service Stock Performance

NYSE UPS opened at $87.21 on Friday. The stock has a 50-day simple moving average of $85.52 and a two-hundred day simple moving average of $93.17. The firm has a market capitalization of $73.91 billion, a P/E ratio of 12.98, a PEG ratio of 1.61 and a beta of 1.10. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $140.33. 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 released 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 company had revenue of $21.20 billion for 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 quarter in the previous year, the business posted $1.79 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 7.5%. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Analyst Ratings Changes

UPS has been the subject of a number of research analyst reports. Truist Financial reduced their target price on United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Wall Street Zen lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. UBS Group reduced their target price on United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Evercore ISI reduced their target price on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a research note on Wednesday, July 30th. Finally, Oppenheimer reduced their target price on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $109.31.

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.