Canada Pension Plan Investment Board Increases Position in United Parcel Service, Inc. (NYSE:UPS)

Canada Pension Plan Investment Board boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 160.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 257,974 shares of the transportation company’s stock after acquiring an additional 158,784 shares during the period. Canada Pension Plan Investment Board’s holdings in United Parcel Service were worth $35,304,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. TruNorth Capital Management LLC purchased a new position in United Parcel Service during the second quarter worth about $28,000. Security National Bank acquired a new stake in shares of United Parcel Service in the fourth quarter worth approximately $31,000. Pineridge Advisors LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $31,000. Riverview Trust Co acquired a new position in United Parcel Service during the second quarter worth approximately $32,000. Finally, Centerpoint Advisors LLC raised its stake in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 2.7 %

Shares of NYSE UPS opened at $128.60 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average price is $130.18 and its two-hundred day moving average price is $139.28. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock has a market capitalization of $110.02 billion, a P/E ratio of 18.64, a PEG ratio of 1.90 and a beta of 0.99.

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

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Susquehanna lowered their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets cut their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Stephens decreased their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Evercore ISI cut their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. lowered their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.68.

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.