Capital World Investors Has $1.09 Billion Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Capital World Investors grew its position in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 60.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,059,904 shares of the transportation company’s stock after purchasing an additional 1,898,084 shares during the period. Capital World Investors owned about 0.58% of United Parcel Service worth $1,085,147,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. Norges Bank acquired a new stake in shares of United Parcel Service in the 4th quarter valued at $1,399,135,000. Capital International Investors boosted its stake in shares of United Parcel Service by 107.3% in the 4th quarter. Capital International Investors now owns 6,925,181 shares of the transportation company’s stock valued at $1,484,343,000 after purchasing an additional 3,584,871 shares in the last quarter. BlackRock Inc. boosted its stake in shares of United Parcel Service by 3.4% in the 1st quarter. BlackRock Inc. now owns 53,873,217 shares of the transportation company’s stock valued at $11,553,650,000 after purchasing an additional 1,781,756 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of United Parcel Service by 174.1% in the first quarter. Los Angeles Capital Management LLC now owns 1,765,075 shares of the transportation company’s stock valued at $378,538,000 after buying an additional 1,121,021 shares during the last quarter. Finally, Merit Financial Group LLC raised its holdings in shares of United Parcel Service by 10,671.5% in the first quarter. Merit Financial Group LLC now owns 753,898 shares of the transportation company’s stock valued at $161,681,000 after buying an additional 746,899 shares during the last quarter. Institutional investors and hedge funds own 59.60% of the company’s stock.

Insider Activity at United Parcel Service

In related news, CMO Kevin M. Warren sold 23,366 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $193.31, for a total value of $4,516,881.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CMO Kevin M. Warren sold 23,366 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $193.31, for a total value of $4,516,881.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kathleen M. Gutmann sold 21,307 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total value of $4,357,494.57. Following the completion of the transaction, the insider now owns 102,591 shares of the company’s stock, valued at $20,980,885.41. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

United Parcel Service Stock Performance

Shares of UPS stock opened at $190.96 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market cap of $165.88 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07. The stock has a 50-day moving average of $194.19 and a 200-day moving average of $191.89. United Parcel Service, Inc. has a one year low of $165.34 and a one year high of $233.72.

United Parcel Service (NYSE:UPSGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The transportation company reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.15. The company had revenue of $24.80 billion during the quarter, compared to analysts’ expectations of $24.59 billion. United Parcel Service had a return on equity of 76.43% and a net margin of 10.92%. United Parcel Service’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.06 EPS. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 12.85 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a $1.52 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $6.08 annualized dividend and a dividend yield of 3.18%. United Parcel Service’s dividend payout ratio is presently 48.84%.

Analyst Ratings Changes

A number of research firms recently issued reports on UPS. Barclays cut their price target on United Parcel Service from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, July 27th. Wolfe Research cut United Parcel Service from a “peer perform” rating to an “underperform” rating in a report on Tuesday, July 12th. Credit Suisse Group set a $223.00 price target on United Parcel Service and gave the company an “outperform” rating in a report on Wednesday, July 27th. Daiwa Capital Markets lifted their price target on United Parcel Service to $207.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Finally, Berenberg Bank set a $200.00 price target on United Parcel Service in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $215.82.

About United Parcel Service

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United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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