United Parcel Service, Inc. (NYSE:UPS) Holdings Increased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 160.1% in the 2nd quarter, HoldingsChannel reports. The fund 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.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its position in United Parcel Service by 2.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 138,778 shares of the transportation company’s stock worth $18,992,000 after acquiring an additional 3,890 shares in the last quarter. Trust Investment Advisors boosted its stake in shares of United Parcel Service by 2.9% during the 2nd quarter. Trust Investment Advisors now owns 6,615 shares of the transportation company’s stock worth $905,000 after acquiring an additional 187 shares in the last quarter. Ieq Capital LLC raised its position in shares of United Parcel Service by 12.0% during the second quarter. Ieq Capital LLC now owns 14,352 shares of the transportation company’s stock worth $1,964,000 after purchasing an additional 1,532 shares during the period. Brighton Jones LLC boosted its position in shares of United Parcel Service by 8.7% in the 2nd quarter. Brighton Jones LLC now owns 12,468 shares of the transportation company’s stock valued at $1,706,000 after purchasing an additional 995 shares during the period. Finally, ProVise Management Group LLC raised its holdings in United Parcel Service by 4.1% during the 2nd quarter. ProVise Management Group LLC now owns 19,695 shares of the transportation company’s stock worth $2,695,000 after buying an additional 783 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 2.7 %

Shares of UPS stock opened at $128.60 on Friday. The stock’s 50 day simple moving average is $130.18 and its 200 day simple moving average is $139.28. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month 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 company has a market capitalization of $110.02 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.90 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the previous year, the firm posted $2.54 earnings per share. United Parcel Service’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, research analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

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

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on UPS shares. UBS Group dropped their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. TD Cowen assumed coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price 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. Wells Fargo & Company lowered their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Finally, Bank of America reduced their price objective on 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.68.

About United Parcel Service

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.