United Parcel Service, Inc. $UPS Shares Bought by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2,045.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,244 shares of the transportation company’s stock after buying an additional 15,487 shares during the period. Strengthening Families & Communities LLC’s holdings in United Parcel Service were worth $1,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in United Parcel Service in the 2nd quarter valued at $851,842,000. Laurel Wealth Advisors LLC boosted its position in shares of United Parcel Service by 11,517.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock valued at $252,695,000 after acquiring an additional 2,481,864 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of United Parcel Service by 78.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock valued at $412,528,000 after acquiring an additional 1,799,882 shares during the last quarter. Invesco Ltd. grew its holdings in shares of United Parcel Service by 45.4% in the second quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock valued at $578,467,000 after purchasing an additional 1,789,467 shares during the period. Finally, AQR Capital Management LLC increased its position in United Parcel Service by 94.8% during the second quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock worth $231,388,000 after purchasing an additional 1,119,372 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on UPS. Wolfe Research reissued a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. JPMorgan Chase & Co. increased their price objective on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Jefferies Financial Group raised their target price on United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Truist Financial upped their price target on United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Stifel Nicolaus increased their price target on United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $113.67.

United Parcel Service Trading Up 3.9%

Shares of NYSE UPS opened at $110.31 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.30 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $93.59 billion, a PE ratio of 16.82, a PEG ratio of 1.67 and a beta of 1.10. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $123.70. The stock has a fifty day simple moving average of $102.09 and a 200-day simple moving average of $93.59.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The company had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.United Parcel Service’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the business posted $2.75 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be issued a $1.64 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.9%. United Parcel Service’s payout ratio is 100.00%.

Insiders Place Their Bets

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

United Parcel Service Profile

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.