TSG Advice Partners LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,006 shares of the transportation company’s stock, valued at approximately $468,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in UPS. Sigma Planning Corp increased its position in United Parcel Service by 37.1% in the 1st quarter. Sigma Planning Corp now owns 36,722 shares of the transportation company’s stock valued at $3,613,000 after buying an additional 9,941 shares in the last quarter. First Trust Advisors LP raised its stake in United Parcel Service by 37.4% during the 1st quarter. First Trust Advisors LP now owns 3,631,133 shares of the transportation company’s stock worth $357,231,000 after buying an additional 988,442 shares during the period. Candriam S.C.A. boosted its holdings in United Parcel Service by 29.6% in the first quarter. Candriam S.C.A. now owns 91,015 shares of the transportation company’s stock worth $8,954,000 after acquiring an additional 20,791 shares in the last quarter. National Pension Service boosted its holdings in United Parcel Service by 1.5% in the second quarter. National Pension Service now owns 2,379,189 shares of the transportation company’s stock worth $255,763,000 after acquiring an additional 36,099 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in United Parcel Service by 24.9% in the first quarter. D.A. Davidson & CO. now owns 161,007 shares of the transportation company’s stock worth $15,840,000 after acquiring an additional 32,090 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on UPS. Truist Financial raised their price objective on United Parcel Service from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Stephens lowered their target price on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Stifel Nicolaus lifted their price target on shares of United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, BNP Paribas Exane lowered their price objective on shares of United Parcel Service from $90.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $118.45.
Get Our Latest Analysis on UPS
Insider Buying and Selling at United Parcel Service
In other news, insider Matthew Guffey sold 8,318 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $28,560.69. This represents a 96.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by insiders.
United Parcel Service Stock Up 1.3%
UPS opened at $109.65 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $90.84 and a fifty-two week high of $122.41. The firm has a market capitalization of $93.29 billion, a P/E ratio of 21.09, a PEG ratio of 1.89 and a beta of 1.07. The company’s 50-day moving average is $99.34 and its 200 day moving average is $104.65. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.24 and a quick ratio of 1.18.
United Parcel Service (NYSE:UPS – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. The business had revenue of $22.90 billion during the quarter, compared to the consensus estimate of $22.27 billion. United Parcel Service had a net margin of 4.84% and a return on equity of 37.78%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.28 earnings per share for the current fiscal year.
United Parcel Service Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Monday, August 17th. United Parcel Service’s payout ratio is presently 126.15%.
United Parcel Service Profile
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.
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