IFP Advisors Inc Boosts Stock Position in United Parcel Service, Inc. $UPS

IFP Advisors Inc grew its stake in United Parcel Service, Inc. (NYSE:UPSFree Report) by 16.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 44,878 shares of the transportation company’s stock after acquiring an additional 6,204 shares during the quarter. IFP Advisors Inc’s holdings in United Parcel Service were worth $4,451,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Coston McIsaac & Partners grew its position in shares of United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. Torren Management LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. Physician Wealth Advisors Inc. grew its position in shares of United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 163 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $40,000. Finally, Activest Wealth Management grew its position in shares of United Parcel Service by 144.3% in the fourth quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 241 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 2.1%

NYSE:UPS opened at $98.84 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $84.02 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 1.54 and a beta of 1.06. The stock’s fifty day moving average is $100.39 and its two-hundred day moving average is $102.72. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41.

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

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be issued a $1.64 dividend. The ex-dividend date is Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.6%. United Parcel Service’s payout ratio is 106.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UPS shares. 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 report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft increased their price objective on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. 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. BMO Capital Markets increased their price objective on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Finally, Stephens increased their price objective on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $111.87.

Get Our Latest Analysis on United Parcel Service

United Parcel Service Company Profile

(Free Report)

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.

Further Reading

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

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