Ilmarinen Mutual Pension Insurance Co Sells 1,000 Shares of United Parcel Service, Inc. (NYSE:UPS)

Posted by on Sep 13th, 2023

Ilmarinen Mutual Pension Insurance Co lowered its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,000 shares of the transportation company’s stock after selling 1,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in United Parcel Service were worth $15,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. D L Carlson Investment Group Inc. bought a new stake in United Parcel Service during the first quarter worth about $6,164,000. Physicians Financial Services Inc. grew its stake in United Parcel Service by 0.5% during the first quarter. Physicians Financial Services Inc. now owns 21,419 shares of the transportation company’s stock worth $4,155,000 after buying an additional 115 shares during the last quarter. CCM Investment Advisers LLC grew its stake in United Parcel Service by 9.1% during the first quarter. CCM Investment Advisers LLC now owns 68,725 shares of the transportation company’s stock worth $13,332,000 after buying an additional 5,753 shares during the last quarter. Chilton Capital Management LLC bought a new stake in United Parcel Service during the first quarter worth about $98,000. Finally, Pacific Center for Financial Services bought a new stake in United Parcel Service during the first quarter worth about $25,000. Institutional investors own 58.45% of the company’s stock.

Insider Activity at United Parcel Service

In related news, insider Nando Cesarone sold 22,825 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $171.70, for a total value of $3,919,052.50. Following the completion of the transaction, the insider now owns 1 shares of the company’s stock, valued at $171.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Stephens reaffirmed an “equal weight” rating and set a $195.00 price objective on shares of United Parcel Service in a research note on Tuesday. Evercore ISI reduced their target price on shares of United Parcel Service from $185.00 to $179.00 and set an “in-line” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on shares of United Parcel Service from $181.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. Loop Capital lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and reduced their target price for the stock from $210.00 to $195.00 in a research report on Wednesday, August 9th. Finally, UBS Group lowered shares of United Parcel Service from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $198.00 to $185.00 in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $187.38.

View Our Latest Analysis on UPS

United Parcel Service Stock Down 2.7 %

Shares of UPS stock opened at $156.59 on Wednesday. The firm has a fifty day moving average of $176.53 and a 200-day moving average of $178.75. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.97. United Parcel Service, Inc. has a 12-month low of $154.87 and a 12-month high of $197.80. The company has a market capitalization of $133.80 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 1.67 and a beta of 1.09.

United Parcel Service (NYSE:UPS – Get Free Report) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.05. United Parcel Service had a net margin of 10.41% and a return on equity of 51.28%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $23.04 billion. During the same quarter in the prior year, the firm earned $3.29 earnings per share. The firm’s revenue was down 10.9% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 9.7 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 14th were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Friday, August 11th. United Parcel Service’s dividend payout ratio (DPR) is currently 56.20%.

About United Parcel Service

(Free Report)

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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