United Parcel Service, Inc. $UPS Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 55.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 507,213 shares of the transportation company’s stock after selling 633,924 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in United Parcel Service were worth $50,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Westbourne Investments Inc. lifted its stake in shares of United Parcel Service by 1.2% during the fourth quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock worth $781,000 after buying an additional 91 shares during the period. Ipsen Advisor Group LLC lifted its stake in shares of United Parcel Service by 1.7% during the fourth quarter. Ipsen Advisor Group LLC now owns 5,670 shares of the transportation company’s stock worth $562,000 after buying an additional 95 shares during the period. Webster Bank N. A. lifted its stake in shares of United Parcel Service by 16.7% during the fourth quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock worth $69,000 after buying an additional 100 shares during the period. Peoples Financial Services CORP. raised its holdings in shares of United Parcel Service by 2.5% during the fourth quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock worth $400,000 after purchasing an additional 100 shares during the last quarter. Finally, Argyle Capital Management LLC lifted its position in United Parcel Service by 0.4% during the fourth quarter. Argyle Capital Management LLC now owns 27,505 shares of the transportation company’s stock valued at $2,728,000 after purchasing an additional 100 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.1%

UPS opened at $107.96 on Monday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The company has a fifty day moving average of $103.23 and a two-hundred day moving average of $104.13. The stock has a market capitalization of $91.76 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.72 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the company earned $1.49 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.1%. United Parcel Service’s payout ratio is presently 106.15%.

United Parcel Service News Summary

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: UPS shares have been boosted by a broader bullish take on the stock after the Fed’s rate-cut pivot, with some investors viewing UPS as an attractive cyclical income play with a high dividend yield. A Dramatic Fed Pivot Just Unlocked a New Era of Growth for UPS
• Positive Sentiment: UPS-owned Roadie announced a same-day delivery partnership with Omaha Steaks ahead of Father’s Day, highlighting growth in its last-mile and same-day delivery services. From Cart to Cookout: Omaha Steaks and Roadie Power Same-Day Delivery for Father’s Day
• Neutral Sentiment: UPS was also the subject of valuation and stock-performance commentary, with some analysts questioning whether the recent pullback created a better long-term entry point rather than pointing to a new fundamental problem. Is It Time To Reconsider UPS (NYSE:UPS) After Recent Share Price Weakness?
• Neutral Sentiment: UPS met its deadline for retrofitting delivery vans with air conditioning, easing one labor-related pressure point after Teamsters scrutiny, though the issue also underscores ongoing union oversight. UPS meets deadline for retrofitting delivery vans with air conditioning
• Negative Sentiment: Separate UK news about a parcel delivery firm “evaluating options” for a depot closure and 3,000 jobs at risk adds to concerns about softness or restructuring pressures in the parcel-delivery industry, which could weigh on sentiment toward UPS. Massive parcel delivery firm could shut UK depot as it ‘evaluates options’ – with 3,000 jobs at risk
• Negative Sentiment: Some market commentary still frames UPS as a large-cap stock with limited growth runway, and recent coverage has also highlighted weakness in the shares over the past week. 3 Large-Cap Stocks That Concern Us

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UPS. UBS Group decreased 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. Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Evercore decreased their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Susquehanna boosted their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Citigroup boosted their target price on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average target price of $111.50.

About United Parcel Service

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.