Strengthening Families & Communities LLC Raises Holdings in United Parcel Service, Inc. $UPS

Strengthening Families & Communities LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 2,045.8% during the third quarter, Holdings Channel.com reports. The firm owned 16,244 shares of the transportation company’s stock after purchasing an additional 15,487 shares during the quarter. Strengthening Families & Communities LLC’s holdings in United Parcel Service were worth $1,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Wealth Group LLC increased its position in shares of United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 97 shares during the last quarter. CFS Investment Advisory Services LLC grew its stake in shares of United Parcel Service by 2.6% during the third quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock worth $372,000 after purchasing an additional 108 shares in the last quarter. Richwood Investment Advisors LLC grew its stake in shares of United Parcel Service by 1.9% during the second quarter. Richwood Investment Advisors LLC now owns 6,089 shares of the transportation company’s stock worth $615,000 after purchasing an additional 115 shares in the last quarter. MSH Capital Advisors LLC increased its holdings in United Parcel Service by 1.4% in the second quarter. MSH Capital Advisors LLC now owns 8,088 shares of the transportation company’s stock valued at $816,000 after buying an additional 115 shares during the last quarter. Finally, Wealth Advisory Solutions LLC raised its stake in United Parcel Service by 2.3% in the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after buying an additional 118 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UPS. TD Cowen upped their price objective on United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Citigroup lowered their price target on United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Truist Financial raised their price objective on shares of United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Hsbc Global Res upgraded shares of United Parcel Service from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, Stifel Nicolaus increased their target price on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $113.67.

United Parcel Service Price Performance

UPS stock opened at $110.31 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.30 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $93.59 billion, a P/E ratio of 16.82, a PEG ratio of 1.67 and a beta of 1.10. The business has a 50 day simple moving average of $102.09 and a 200-day simple moving average of $93.59. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $123.70.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.20 by $0.18. The firm had revenue of $24.50 billion during 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%. United Parcel Service’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.75 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, February 17th. United Parcel Service’s dividend payout ratio is presently 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.