Marshall Wace LLP Acquires 1,901,914 Shares of United Parcel Service, Inc. (NYSE:UPS)

Marshall Wace LLP boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 284.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,569,831 shares of the transportation company’s stock after acquiring an additional 1,901,914 shares during the quarter. United Parcel Service accounts for approximately 0.5% of Marshall Wace LLP’s holdings, making the stock its 25th largest position. Marshall Wace LLP owned approximately 0.30% of United Parcel Service worth $351,681,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Providence Capital Advisors LLC lifted its position in United Parcel Service by 2.0% in the 2nd quarter. Providence Capital Advisors LLC now owns 20,198 shares of the transportation company’s stock valued at $2,764,000 after acquiring an additional 399 shares in the last quarter. Resources Management Corp CT ADV raised its stake in United Parcel Service by 1.8% during the 2nd quarter. Resources Management Corp CT ADV now owns 49,779 shares of the transportation company’s stock valued at $6,812,000 after buying an additional 885 shares during the last quarter. Bank of Montreal Can raised its stake in United Parcel Service by 30.6% during the 2nd quarter. Bank of Montreal Can now owns 1,331,160 shares of the transportation company’s stock valued at $182,169,000 after buying an additional 311,582 shares during the last quarter. Evergreen Capital Management LLC raised its stake in United Parcel Service by 138.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 144,535 shares of the transportation company’s stock valued at $19,780,000 after buying an additional 84,011 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in United Parcel Service by 76.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 28,189 shares of the transportation company’s stock valued at $3,858,000 after buying an additional 12,208 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Bank of America decreased their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Evercore ISI decreased their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Oppenheimer reduced their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, Robert W. Baird reduced their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.68.

United Parcel Service Trading Up 0.1 %

Shares of UPS stock opened at $128.74 on Tuesday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $110.14 billion, a PE ratio of 18.66, a PEG ratio of 1.90 and a beta of 0.99. The stock has a fifty day simple moving average of $129.87 and a two-hundred day simple moving average of $139.01.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the company earned $2.54 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.06%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.