United Parcel Service, Inc. to Issue Quarterly Dividend of $1.64 (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, May 18th will be given a dividend of 1.64 per share by the transportation company on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Monday, May 18th.

United Parcel Service has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 16 years. United Parcel Service has a payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect United Parcel Service to earn $7.91 per share next year, which means the company should continue to be able to cover its $6.56 annual dividend with an expected future payout ratio of 82.9%.

United Parcel Service Stock Up 0.2%

Shares of UPS stock traded up $0.21 on Thursday, hitting $100.10. 403,846 shares of the stock were exchanged, compared to its average volume of 6,339,247. The company has a current ratio of 1.21, a quick ratio of 1.22 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $85.00 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06. The business has a 50-day moving average of $102.78 and a 200 day moving average of $102.12. United Parcel Service has a fifty-two week low of $82.00 and a fifty-two week high of $122.41.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.United Parcel Service’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 earnings per share. Equities analysts anticipate that United Parcel Service will post 7.1 EPS for the current year.

Institutional Trading of United Parcel Service

Several large investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in United Parcel Service during the fourth quarter worth about $902,446,000. Victory Capital Management Inc. boosted its position in shares of United Parcel Service by 72.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after acquiring an additional 5,826,824 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of United Parcel Service by 175.7% during the 4th quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock worth $515,801,000 after acquiring an additional 3,314,166 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of United Parcel Service by 507.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock worth $321,796,000 after acquiring an additional 2,710,470 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $181,951,000. 60.26% of the stock is owned by institutional investors and hedge funds.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.