USS Investment Management Ltd Buys 10,132 Shares of United Parcel Service, Inc. $UPS

USS Investment Management Ltd boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 140,001 shares of the transportation company’s stock after buying an additional 10,132 shares during the period. USS Investment Management Ltd’s holdings in United Parcel Service were worth $13,768,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. acquired a new stake in United Parcel Service during the 4th quarter worth approximately $25,000. Coston McIsaac & Partners lifted its holdings in United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares during the last quarter. Torren Management LLC bought a new stake in United Parcel Service in the 4th quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in United Parcel Service in the 4th quarter valued at $29,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $109.54 on Thursday. The business has a fifty day moving average price of $104.71 and a two-hundred day moving average price of $105.14. The stock has a market capitalization of $93.11 billion, a PE ratio of 17.72, a P/E/G ratio of 1.71 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. 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 released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the prior year, the firm posted $1.49 EPS. United Parcel Service’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.1 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, June 4th. Shareholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.

Wall Street Analyst Weigh In

UPS has been the topic of several recent research reports. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. UBS Group reduced their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Evercore decreased their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Citigroup raised their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Susquehanna lifted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $110.85.

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.