United Parcel Service, Inc. $UPS Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 85.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,015 shares of the transportation company’s stock after selling 5,956 shares during the period. Raleigh Capital Management Inc.’s holdings in United Parcel Service were worth $85,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of UPS. Evelyn Partners Investment Management Europe Ltd lifted its holdings in shares of United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in United Parcel Service in the second quarter worth $26,000. Salzhauer Michael acquired a new stake in United Parcel Service in the third quarter worth $31,000. RMG Wealth Management LLC bought a new stake in United Parcel Service in the second quarter valued at $34,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of United Parcel Service during the second quarter valued at $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS opened at $111.94 on Wednesday. The business has a 50 day moving average price of $102.44 and a two-hundred day moving average price of $93.68. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.30. The company has a market capitalization of $94.97 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.11. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $123.70.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the business earned $2.75 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Analyst Ratings Changes

UPS has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Stifel Nicolaus raised their price target on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. UBS Group boosted their price objective on United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Finally, Truist Financial lifted their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $113.67.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is 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.