IFG Advisory LLC Boosts Holdings in United Parcel Service, Inc. $UPS

IFG Advisory LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 96.3% during the third quarter, HoldingsChannel reports. The fund owned 12,934 shares of the transportation company’s stock after acquiring an additional 6,346 shares during the quarter. IFG Advisory LLC’s holdings in United Parcel Service were worth $1,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Norges Bank purchased a new position in shares of United Parcel Service during the 2nd quarter worth about $851,842,000. Laurel Wealth Advisors LLC raised its position in United Parcel Service by 11,517.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock worth $252,695,000 after purchasing an additional 2,481,864 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in United Parcel Service by 78.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock worth $412,528,000 after purchasing an additional 1,799,882 shares during the last quarter. Invesco Ltd. lifted its stake in United Parcel Service by 45.4% in the second quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock worth $578,467,000 after purchasing an additional 1,789,467 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of United Parcel Service by 94.8% during the second quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock valued at $231,388,000 after buying an additional 1,119,372 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.7%

Shares of NYSE:UPS opened at $102.35 on Friday. The company has a market capitalization of $86.91 billion, a PE ratio of 15.60, a P/E/G ratio of 1.65 and a beta of 1.08. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $123.70. The business’s fifty day simple moving average is $110.08 and its 200-day simple moving average is $97.47.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion for the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.75 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.4%. The ex-dividend date was Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

Analyst Ratings Changes

Several equities analysts have commented on UPS shares. Truist Financial upped their price objective 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. UBS Group lifted their target price 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. Wolfe Research reissued a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Bank of America upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a report on Friday, January 9th. Finally, TD Cowen lifted their price objective on shares of United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $113.67.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Company 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.