Ignite Planners LLC Increases Holdings in United Parcel Service, Inc. $UPS

Ignite Planners LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 39.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,536 shares of the transportation company’s stock after buying an additional 5,260 shares during the period. Ignite Planners LLC’s holdings in United Parcel Service were worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Coston McIsaac & Partners lifted its holdings in United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 119 shares during the period. Torren Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $29,000. Physician Wealth Advisors Inc. increased its position in shares of United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 163 shares during the last quarter. Winch Advisory Services LLC boosted its holdings in shares of United Parcel Service by 37.3% in the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after buying an additional 124 shares during the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of United Parcel Service by 144.3% in the fourth quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock worth $40,000 after buying an additional 241 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.6%

Shares of UPS opened at $98.27 on Friday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The company has a 50-day moving average of $100.33 and a 200 day moving average of $102.73. The firm has a market capitalization of $83.53 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.57 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. On average, research analysts expect that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.7%. The ex-dividend date is Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UPS shares. Oppenheimer upped their target price on shares of United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Stifel Nicolaus increased their price target on United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. 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. Finally, Citigroup increased their price target on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $111.87.

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.