7,228 Shares of United Parcel Service, Inc. $UPS Bought by Tucker Asset Management LLC

Tucker Asset Management LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,228 shares of the transportation company’s stock, valued at approximately $675,000.

Other hedge funds have also recently bought and sold shares of the company. Bauman Advisory Group LLC boosted its position in shares of United Parcel Service by 1.1% during the 3rd quarter. Bauman Advisory Group LLC now owns 8,865 shares of the transportation company’s stock worth $828,000 after acquiring an additional 96 shares in the last quarter. Signature Equity Partners LLC increased its stake in United Parcel Service by 196.2% in the third quarter. Signature Equity Partners LLC now owns 1,730 shares of the transportation company’s stock valued at $162,000 after acquiring an additional 1,146 shares during the last quarter. Capital Management Corp VA increased its stake in United Parcel Service by 0.3% in the third quarter. Capital Management Corp VA now owns 58,942 shares of the transportation company’s stock valued at $5,508,000 after acquiring an additional 175 shares during the last quarter. TSG Advice Partners LLC acquired a new position in United Parcel Service during the third quarter valued at approximately $468,000. Finally, One Way Holdings LLC acquired a new position in United Parcel Service during the third quarter valued at approximately $13,502,000. 60.26% of the stock is owned by institutional investors.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Matthew Guffey sold 8,318 shares of the stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total value of $876,634.02. Following the completion of the transaction, the insider directly owned 271 shares in the company, valued at approximately $28,560.69. This trade represents a 96.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by insiders.

United Parcel Service Stock Performance

NYSE UPS opened at $109.65 on Tuesday. The firm’s fifty day moving average price is $99.34 and its two-hundred day moving average price is $104.65. The stock has a market cap of $93.29 billion, a PE ratio of 21.09, a PEG ratio of 1.89 and a beta of 1.07. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.24. United Parcel Service, Inc. has a fifty-two week low of $90.84 and a fifty-two week high of $122.41.

United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The transportation company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The company had revenue of $22.90 billion during the quarter, compared to analysts’ expectations of $22.27 billion. During the same period in the prior year, the company earned $1.74 EPS. United Parcel Service’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts expect that United Parcel Service, Inc. will post 7.28 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service’s dividend payout ratio is presently 126.15%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UPS. TD Cowen upped their target price on United Parcel Service from $115.00 to $116.00 and gave the stock a “hold” rating in a research note on Wednesday, October 28th. Evercore lifted their price target on United Parcel Service from $117.00 to $118.00 in a research note on Wednesday, July 29th. Bank of America lifted their price target on United Parcel Service from $108.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. Truist Financial boosted their price target on United Parcel Service from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Finally, BMO Capital Markets upped their price objective on United Parcel Service from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $118.45.

Read Our Latest Research Report on UPS

United Parcel Service Company Profile

(Free Report)

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.

See Also

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

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