78,780 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, HoldingsChannel reports. The fund bought 78,780 shares of the transportation company’s stock, valued at approximately $9,871,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpha Family Trust acquired a new position in United Parcel Service during the fourth quarter valued at approximately $252,000. American Trust Investment Advisors LLC raised its holdings in shares of United Parcel Service by 32.4% during the 4th quarter. American Trust Investment Advisors LLC now owns 5,350 shares of the transportation company’s stock worth $675,000 after buying an additional 1,310 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in shares of United Parcel Service by 35.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 13,717 shares of the transportation company’s stock worth $1,730,000 after buying an additional 3,588 shares during the last quarter. AXA S.A. boosted its stake in United Parcel Service by 43.7% in the fourth quarter. AXA S.A. now owns 290,801 shares of the transportation company’s stock valued at $36,670,000 after buying an additional 88,501 shares in the last quarter. Finally, Accredited Wealth Management LLC bought a new position in United Parcel Service in the fourth quarter valued at about $223,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 1.8 %

Shares of NYSE:UPS opened at $96.33 on Friday. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business’s 50-day moving average is $106.54 and its 200-day moving average is $120.15. The company has a market capitalization of $82.28 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s payout ratio is 95.63%.

Analyst Ratings Changes

UPS has been the topic of a number of research analyst reports. Truist Financial reduced their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. UBS Group lowered their price target on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Oppenheimer cut their price objective on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday. The Goldman Sachs Group lowered their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, HSBC lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Thursday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $120.87.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.