Victory Capital Management Inc. Raises Holdings in United Parcel Service, Inc. $UPS

Victory Capital Management Inc. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 10.5% during the third quarter, Holdings Channel.com reports. The firm owned 7,991,490 shares of the transportation company’s stock after purchasing an additional 761,217 shares during the quarter. Victory Capital Management Inc.’s holdings in United Parcel Service were worth $667,109,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UPS. Andra AP fonden lifted its holdings in United Parcel Service by 95.9% during the 2nd quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock worth $33,611,000 after buying an additional 163,000 shares during the last quarter. BLVD Private Wealth LLC purchased a new position in shares of United Parcel Service in the 2nd quarter valued at about $1,479,000. Strategic Planning Inc. acquired a new stake in shares of United Parcel Service during the 3rd quarter worth about $3,885,000. Avantax Advisory Services Inc. lifted its stake in United Parcel Service by 14.6% during the second quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock worth $9,525,000 after purchasing an additional 12,035 shares during the last quarter. Finally, Equity Investment Corp boosted its holdings in United Parcel Service by 16.8% in the second quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock valued at $114,118,000 after purchasing an additional 162,364 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UPS has been the topic of a number of research analyst reports. Evercore raised their price objective on shares of United Parcel Service from $94.00 to $113.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. Truist Financial lifted their price target on shares of United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. BMO Capital Markets upped their price objective on shares of United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. BNP Paribas Exane cut United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price on the stock. in a research report on Tuesday, January 13th. Finally, Oppenheimer upped their target price on United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $113.67.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Performance

NYSE UPS opened at $114.40 on Tuesday. The firm has a market cap of $97.14 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.83 and a beta of 1.08. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $123.70. The business’s 50-day moving average price is $109.52 and its 200 day moving average price is $97.04. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45.

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, beating the consensus estimate 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 firm had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the business earned $2.75 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 5.7%. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

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.