Perpetual Ltd Acquires 9,015 Shares of United Parcel Service, Inc. $UPS

Perpetual Ltd lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 97.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,292 shares of the transportation company’s stock after buying an additional 9,015 shares during the quarter. Perpetual Ltd’s holdings in United Parcel Service were worth $1,814,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $277,000. SVB Wealth LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $848,000. Quantbot Technologies LP acquired a new stake in shares of United Parcel Service in the second quarter valued at approximately $2,643,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of United Parcel Service in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on UPS. Wells Fargo & Company upped their price objective on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft lifted their target price on United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. TD Cowen boosted their target price on United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. BNP Paribas Exane cut United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price target on the stock. in a report on Tuesday, January 13th. Finally, BMO Capital Markets lifted their price objective on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.67.

United Parcel Service Stock Up 0.1%

United Parcel Service stock opened at $98.30 on Friday. The firm has a market capitalization of $83.46 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.54 and a beta of 1.12. The company’s 50 day simple moving average is $107.14 and its 200 day simple moving average is $99.19. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.75 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.7%. United Parcel Service’s dividend payout ratio is currently 100.00%.

United Parcel Service Company Profile

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.