United Parcel Service, Inc. $UPS Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.7% during the 2nd quarter, Holdings Channel reports. The fund owned 35,675 shares of the transportation company’s stock after purchasing an additional 1,587 shares during the quarter. Maryland State Retirement & Pension System’s holdings in United Parcel Service were worth $3,601,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after buying an additional 999,832 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after buying an additional 1,780,807 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after buying an additional 4,988,044 shares in the last quarter. Northern Trust Corp raised its stake in United Parcel Service by 0.3% in the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after buying an additional 23,918 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in United Parcel Service by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock valued at $519,059,000 after buying an additional 171,303 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction on Friday, August 1st. The shares were bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William R. Johnson acquired 5,000 shares of the stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director directly owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock valued at $1,477,382 over the last quarter. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of analyst reports. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target on the stock in a research note on Thursday, July 3rd. Vertical Research reaffirmed a “hold” rating and set a $103.00 price objective on shares of United Parcel Service in a report on Wednesday, July 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Morgan Stanley dropped their price objective on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a report on Wednesday, July 30th. Finally, Truist Financial dropped their price objective on United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.38.

United Parcel Service Stock Performance

NYSE UPS opened at $85.28 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The business’s 50-day moving average price is $85.77 and its 200 day moving average price is $94.64. The firm has a market cap of $72.28 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.59 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. During the same period in the prior year, the business earned $1.79 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.7%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

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.