CW Advisors LLC Purchases 27,855 Shares of United Parcel Service, Inc. $UPS

CW Advisors LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 85.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,614 shares of the transportation company’s stock after buying an additional 27,855 shares during the quarter. CW Advisors LLC’s holdings in United Parcel Service were worth $6,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UPS. Evelyn Partners Investment Management Europe Ltd raised its stake in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service during the second quarter worth approximately $26,000. Saudi Central Bank acquired a new stake in shares of United Parcel Service in the first quarter valued at approximately $32,000. Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service in the first quarter valued at approximately $33,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in United Parcel Service during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Stephens raised shares of United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Truist Financial increased their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Stifel Nicolaus reduced their price target on shares of United Parcel Service from $120.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $110.00.

United Parcel Service Trading Up 0.1%

UPS opened at $94.88 on Friday. The company has a market cap of $80.50 billion, a P/E ratio of 14.66, a PEG ratio of 2.26 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. The company’s 50 day moving average is $91.02 and its 200-day moving average is $92.62. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $136.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. Equities research 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 company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio is presently 101.39%.

United Parcel Service 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.