Perpetual Ltd Has $1.81 Million Position in United Parcel Service, Inc. $UPS

Perpetual Ltd increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 97.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of United Parcel Service by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 67,277,988 shares of the transportation company’s stock worth $5,619,730,000 after acquiring an additional 372,850 shares during the period. State Street Corp increased its position in shares of United Parcel Service by 0.9% during the third quarter. State Street Corp now owns 31,063,250 shares of the transportation company’s stock valued at $2,594,713,000 after purchasing an additional 288,720 shares during the period. Victory Capital Management Inc. raised its stake in shares of United Parcel Service by 10.5% in the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after purchasing an additional 761,217 shares in the last quarter. Invesco Ltd. raised its stake in shares of United Parcel Service by 17.3% in the third quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock valued at $561,678,000 after purchasing an additional 993,461 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in United Parcel Service by 10.6% in the third quarter. Dimensional Fund Advisors LP now owns 5,072,282 shares of the transportation company’s stock worth $423,746,000 after purchasing an additional 486,384 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Up 0.1%

Shares of NYSE:UPS opened at $98.30 on Friday. The company’s fifty day moving average is $107.14 and its 200-day moving average is $99.19. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The company has a market capitalization of $83.46 billion, a PE ratio of 14.98, a P/E/G ratio of 1.54 and a beta of 1.12.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (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 firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm posted $2.75 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were paid 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 payout ratio is 100.00%.

Insider Activity at United Parcel Service

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

Analysts Set New Price Targets

A number of research firms have weighed in on UPS. Oppenheimer lifted their price target on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Bank of America raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective for the company in a report on Friday, January 9th. Stifel Nicolaus lifted their target price on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Evercore upped their target price on shares of United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $113.67.

United Parcel Service 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.