United Parcel Service, Inc. $UPS Shares Bought by Sharp Financial Services LLC

Sharp Financial Services LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 327.7% during the third quarter, Holdings Channel reports. The fund owned 8,725 shares of the transportation company’s stock after purchasing an additional 6,685 shares during the quarter. Sharp Financial Services LLC’s holdings in United Parcel Service were worth $729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. Andra AP fonden increased its position in United Parcel Service by 95.9% in the second 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 period. BLVD Private Wealth LLC bought a new position in shares of United Parcel Service during the second quarter worth about $1,479,000. Strategic Planning Inc. acquired a new stake in shares of United Parcel Service in the 3rd quarter worth about $3,885,000. Avantax Advisory Services Inc. lifted its position in United Parcel Service by 14.6% in the 2nd quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock valued at $9,525,000 after purchasing an additional 12,035 shares during the last quarter. Finally, Equity Investment Corp boosted its stake in United Parcel Service by 16.8% during the 2nd 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 during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

More United Parcel Service News

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Wall Street Analyst Weigh In

Several equities research analysts have commented on UPS shares. BNP Paribas lowered shares of United Parcel Service from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Citigroup increased their price objective on United Parcel Service from $120.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Sanford C. Bernstein raised their target price on United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Truist Financial boosted their price target on United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Stephens upgraded shares of United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $111.42.

Get Our Latest Stock Analysis on United Parcel Service

United Parcel Service Price Performance

NYSE:UPS opened at $107.23 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The business’s 50-day moving average price is $98.69 and its 200 day moving average price is $93.17. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $136.99. The firm has a market cap of $90.97 billion, a P/E ratio of 16.57, a PEG ratio of 2.32 and a beta of 1.11.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. The company had revenue of $21.42 billion during the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were given a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.1%. United Parcel Service’s payout ratio is 101.39%.

United Parcel Service Profile

(Free Report)

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.

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

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