Wellington Management Group LLP Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

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Wellington Management Group LLP raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 14.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,136,790 shares of the transportation company’s stock after purchasing an additional 1,256,253 shares during the period. Wellington Management Group LLP owned 1.18% of United Parcel Service worth $946,979,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. King Wealth increased its stake in United Parcel Service by 2.6% in the fourth quarter. King Wealth now owns 4,040 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 102 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in United Parcel Service by 9.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,172 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 102 shares during the last quarter. Great Valley Advisor Group Inc. increased its stake in United Parcel Service by 0.8% in the fourth quarter. Great Valley Advisor Group Inc. now owns 13,109 shares of the transportation company’s stock valued at $1,535,000 after purchasing an additional 109 shares during the last quarter. Lederer & Associates Investment Counsel CA increased its stake in United Parcel Service by 1.1% in the fourth quarter. Lederer & Associates Investment Counsel CA now owns 10,040 shares of the transportation company’s stock valued at $1,175,000 after purchasing an additional 110 shares during the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. increased its stake in United Parcel Service by 3.0% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,814 shares of the transportation company’s stock valued at $356,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 54.83% of the company’s stock.

In other United Parcel Service news, CEO Carol B. Tome bought 10,100 shares of United Parcel Service stock in a transaction on Friday, May 29th. The stock was bought at an average price of $99.33 per share, with a total value of $1,003,233.00. Following the completion of the acquisition, the chief executive officer now owns 13,036 shares in the company, valued at $1,294,865.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Shares of NYSE UPS traded down $5.27 during mid-day trading on Thursday, hitting $101.36. 3,200,983 shares of the company were exchanged, compared to its average volume of 4,988,266. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 8.06. The stock has a 50 day simple moving average of $97.66 and a 200-day simple moving average of $104.80. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $125.31. The firm has a market cap of $89.12 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.60 and a beta of 0.83.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.08). United Parcel Service had a net margin of 5.73% and a return on equity of 152.81%. The business had revenue of $18.04 billion during the quarter, compared to analyst estimates of $17.17 billion. During the same period last year, the business posted $1.39 EPS. United Parcel Service’s revenue was up 5.1% compared to the same quarter last year. Analysts anticipate that United Parcel Service, Inc. will post 5.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Friday, May 22nd. United Parcel Service’s dividend payout ratio (DPR) is currently 53.65%.

A number of equities analysts have recently issued reports on the stock. KeyCorp restated a “hold” rating on shares of United Parcel Service in a research report on Monday, April 20th. Credit Suisse Group lowered their target price on shares of United Parcel Service from $105.00 to $101.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Citigroup lowered their target price on shares of United Parcel Service from $103.00 to $101.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $104.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Wells Fargo & Co raised their target price on shares of United Parcel Service from $111.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and an average target price of $111.00.

United Parcel Service 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.

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

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