Vulcan Value Partners LLC Acquires Shares of 2,899,895 United Parcel Service, Inc. (UPS)

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Vulcan Value Partners LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,899,895 shares of the transportation company’s stock, valued at approximately $308,056,000. United Parcel Service accounts for about 2.4% of Vulcan Value Partners LLC’s portfolio, making the stock its 19th largest holding. Vulcan Value Partners LLC owned approximately 0.34% of United Parcel Service as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Segall Bryant & Hamill LLC lifted its holdings in shares of United Parcel Service by 0.6% in the first quarter. Segall Bryant & Hamill LLC now owns 69,630 shares of the transportation company’s stock valued at $7,287,000 after purchasing an additional 439 shares in the last quarter. Montag A & Associates Inc. lifted its holdings in shares of United Parcel Service by 2.8% in the second quarter. Montag A & Associates Inc. now owns 17,536 shares of the transportation company’s stock valued at $1,863,000 after purchasing an additional 471 shares in the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of United Parcel Service by 2.9% in the second quarter. First Allied Advisory Services Inc. now owns 17,469 shares of the transportation company’s stock valued at $1,849,000 after purchasing an additional 492 shares in the last quarter. Stanley Laman Group Ltd. lifted its holdings in shares of United Parcel Service by 7.2% in the second quarter. Stanley Laman Group Ltd. now owns 7,427 shares of the transportation company’s stock valued at $789,000 after purchasing an additional 496 shares in the last quarter. Finally, Granite Springs Asset Management LLC lifted its holdings in shares of United Parcel Service by 28.3% in the first quarter. Granite Springs Asset Management LLC now owns 2,273 shares of the transportation company’s stock valued at $238,000 after purchasing an additional 502 shares in the last quarter. 54.00% of the stock is owned by hedge funds and other institutional investors.

UPS has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on United Parcel Service to $128.00 and gave the company a “market perform” rating in a report on Thursday, July 26th. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Monday, July 16th. ValuEngine upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Loop Capital raised their target price on United Parcel Service to $139.00 and gave the company a “buy” rating in a report on Wednesday, May 30th. Finally, Cowen restated a “hold” rating and issued a $128.00 target price on shares of United Parcel Service in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $124.49.

United Parcel Service stock traded up $0.13 during mid-day trading on Friday, reaching $123.83. 12,436 shares of the company’s stock were exchanged, compared to its average volume of 2,035,662. The firm has a market capitalization of $107.25 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.16. United Parcel Service, Inc. has a one year low of $101.45 and a one year high of $135.53. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 8.54.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Wednesday, July 25th. The transportation company reported $1.94 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.01. The business had revenue of $17.46 billion for the quarter, compared to analyst estimates of $17.34 billion. United Parcel Service had a return on equity of 364.89% and a net margin of 7.49%. United Parcel Service’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $1.58 earnings per share. analysts predict that United Parcel Service, Inc. will post 7.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Monday, August 20th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, August 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.94%. United Parcel Service’s dividend payout ratio (DPR) is currently 60.57%.

In other United Parcel Service news, COO James J. Barber sold 2,500 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $121.94, for a total value of $304,850.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider George Willis sold 4,312 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. Insiders have sold 8,512 shares of company stock worth $1,031,932 over the last quarter. 0.56% of the stock is currently owned by corporate insiders.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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

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