UniSuper Management Pty Ltd Purchases 12,739 Shares of United Parcel Service, Inc. $UPS

UniSuper Management Pty Ltd lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 24.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,200 shares of the transportation company’s stock after purchasing an additional 12,739 shares during the period. UniSuper Management Pty Ltd’s holdings in United Parcel Service were worth $5,446,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new stake in United Parcel Service during the second quarter valued at approximately $851,842,000. Laurel Wealth Advisors LLC grew its position in shares of United Parcel Service by 11,517.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock valued at $252,695,000 after acquiring an additional 2,481,864 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of United Parcel Service by 78.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock worth $412,528,000 after purchasing an additional 1,799,882 shares in the last quarter. Invesco Ltd. raised its holdings in United Parcel Service by 45.4% in the 2nd quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock worth $578,467,000 after purchasing an additional 1,789,467 shares during the period. Finally, AQR Capital Management LLC raised its holdings in United Parcel Service by 94.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock worth $231,388,000 after purchasing an additional 1,119,372 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.2%

UPS stock opened at $108.02 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $136.99. The business has a 50 day simple moving average of $100.47 and a two-hundred day simple moving average of $93.33. The company has a market capitalization of $91.65 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 2.33 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter last year, the business posted $1.76 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio is 101.39%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wolfe Research reissued a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. Susquehanna boosted their price objective on United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. raised their target price on shares of United Parcel Service from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Wells Fargo & Company lifted their price target on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, UBS Group upped their price target on shares of United Parcel Service from $113.00 to $116.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average target price of $111.84.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.