ASR Vermogensbeheer N.V. Increases Position in United Parcel Service, Inc. $UPS

ASR Vermogensbeheer N.V. raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 91,285 shares of the transportation company’s stock after buying an additional 4,056 shares during the period. ASR Vermogensbeheer N.V.’s holdings in United Parcel Service were worth $9,214,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in United Parcel Service by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after acquiring an additional 999,832 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after purchasing an additional 1,780,807 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 purchasing an additional 4,988,044 shares during the period. Northern Trust Corp grew its holdings in shares of 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 purchasing an additional 23,918 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of United Parcel Service by 3.8% during 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 worth $519,059,000 after acquiring an additional 171,303 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Up 1.5%

UPS opened at $85.65 on Friday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The business has a 50 day moving average price of $86.54 and a two-hundred day moving average price of $95.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The company has a market cap of $72.60 billion, a PE ratio of 12.75, a P/E/G ratio of 1.55 and a beta of 1.10.

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

United Parcel Service Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UPS shares. Deutsche Bank Aktiengesellschaft lowered their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday. Susquehanna decreased their price objective on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 30th. Wolfe Research lowered their price objective on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, July 1st. Evercore ISI decreased their price target on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a research note on Wednesday, July 30th. Finally, Oppenheimer lowered their target price on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $110.41.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by corporate insiders.

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.