AQR Capital Management LLC Buys 1,007,585 Shares of United Parcel Service, Inc. $UPS

AQR Capital Management LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 582.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,180,709 shares of the transportation company’s stock after purchasing an additional 1,007,585 shares during the period. AQR Capital Management LLC’s holdings in United Parcel Service were worth $128,886,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UPS. Graybill Wealth Management LTD. bought a new position in United Parcel Service during the 1st quarter worth $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service during the 4th quarter worth about $27,000. Citizens National Bank Trust Department grew its holdings in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after acquiring an additional 210 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service during the 4th quarter worth about $28,000. Finally, Hemington Wealth Management grew its holdings in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after acquiring an additional 115 shares during the period. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UPS. Susquehanna decreased their price target on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Redburn Atlantic reduced their target price on United Parcel Service from $137.00 to $117.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Wolfe Research reduced their target price on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research note on Tuesday, July 1st. BNP Paribas upgraded United Parcel Service to a “hold” rating in a research note on Thursday, July 3rd. Finally, Bank of America reduced their target price on United Parcel Service from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $112.59.

United Parcel Service Price Performance

United Parcel Service stock opened at $84.47 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market cap of $71.59 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.57 and a beta of 1.08. The company’s 50 day moving average price is $93.50 and its two-hundred day moving average price is $100.28. United Parcel Service, Inc. has a 52 week low of $83.67 and a 52 week high of $145.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.79 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is 97.62%.

United Parcel Service 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.