Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 67.57MM shares of United Parcel Service, Inc. (UPS). This represents 9.26% of the company.
In their previous filing dated February 10, 2022 they reported 64.57MM shares and 8.86% of the company, an increase in shares of 4.64% and an increase in total ownership of 0.40% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 6.07% Upside
As of February 9, 2023, the average one-year price target for United Parcel Service is $197.67. The forecasts range from a low of $101.00 to a high of $246.75. The average price target represents an increase of 6.07% from its latest reported closing price of $186.36.
The projected annual revenue for United Parcel Service is $101,376MM, an increase of 1.03%. The projected annual EPS is $12.39, a decrease of 6.57%.
What is the Fund Sentiment?
There are 3386 funds or institutions reporting positions in United Parcel Service. This is an increase of 49 owner(s) or 1.47% in the last quarter. Average portfolio weight of all funds dedicated to UPS is 0.64%, a decrease of 2.49%. Total shares owned by institutions decreased in the last three months by 0.34% to 602,242K shares. The put/call ratio of UPS is 0.83, indicating a bullish outlook.
What are large shareholders doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 21,841K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 21,625K shares, representing an increase of 0.99%. The firm decreased its portfolio allocation in UPS by 6.83% over the last quarter.
Jpmorgan Chase & holds 20,662K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 20,273K shares, representing an increase of 1.88%. The firm decreased its portfolio allocation in UPS by 7.02% over the last quarter.
Bank Of America holds 16,642K shares representing 1.92% ownership of the company. In it's prior filing, the firm reported owning 16,838K shares, representing a decrease of 1.18%. The firm decreased its portfolio allocation in UPS by 76.77% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 16,591K shares representing 1.92% ownership of the company. In it's prior filing, the firm reported owning 16,256K shares, representing an increase of 2.02%. The firm decreased its portfolio allocation in UPS by 6.61% over the last quarter.
Geode Capital Management holds 12,533K shares representing 1.45% ownership of the company. In it's prior filing, the firm reported owning 12,289K shares, representing an increase of 1.94%. The firm decreased its portfolio allocation in UPS by 6.41% over the last quarter.
United Parcel Service Declares $1.62 Dividend
On January 31, 2023 the company declared a regular quarterly dividend of $1.62 per share ($6.48 annualized). Shareholders of record as of February 17, 2023 will receive the payment on March 10, 2023. Previously, the company paid $1.52 per share.
At the current share price of $186.36 / share, the stock's dividend yield is 3.48%. Looking back five years and taking a sample every week, the average dividend yield has been 3.06%, the lowest has been 1.89%, and the highest has been 4.64%. The standard deviation of yields is 0.65 (n=237).
The current dividend yield is 0.64 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.49. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.69%, demonstrating that it has increased its dividend over time.
United Parcel Service Background Information
(This description is provided by the company.)
UPS, one of the world's largest package delivery companies with 2019 revenue of $74 billion, provides a broad range of integrated logistics solutions for customers in more than 220 countries and territories. The company's more than 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to being a steward of the environment and positively contributing to the communities we serve around the world. UPS also takes a strong and unwavering stance in support of diversity, equity and inclusion.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
