Voya Investment Management LLC Increases Stake in United Parcel Service, Inc. (NYSE:UPS)

Voya Investment Management LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 437,566 shares of the transportation company’s stock after purchasing an additional 18,989 shares during the quarter. Voya Investment Management LLC owned approximately 0.05% of United Parcel Service worth $48,391,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BlackRock Inc. lifted its stake in United Parcel Service by 2,550.9% in the 1st quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after acquiring an additional 43,351,873 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of United Parcel Service by 3,875,867.0% during the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock valued at $465,797,000 after acquiring an additional 4,340,971 shares during the last quarter. Federated Investors Inc. PA raised its stake in shares of United Parcel Service by 2,005.9% during the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after acquiring an additional 1,446,749 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of United Parcel Service by 119.6% during the second quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock valued at $288,170,000 after acquiring an additional 1,419,245 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of United Parcel Service by 2.7% during the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after acquiring an additional 1,262,293 shares during the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) traded down $2.08 on Wednesday, reaching $118.29. 3,346,489 shares of the company traded hands, compared to its average volume of 2,719,656. The stock has a market capitalization of $106,613.23, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.92. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $125.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. The company had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. United Parcel Service’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $1.44 earnings per share. analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s payout ratio is 81.37%.

A number of equities analysts recently issued reports on UPS shares. Citigroup raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the stock from $115.00 to $128.00 in a research note on Tuesday, August 8th. BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Credit Suisse Group reiterated a “neutral” rating and set a $108.00 price target on shares of United Parcel Service in a report on Tuesday, August 15th. Robert W. Baird reiterated a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a report on Friday, August 25th. Finally, Oppenheimer restated a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $121.45.

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About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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