Daner Wealth Management LLC Acquires New Position in United Parcel Service, Inc. $UPS

Daner Wealth Management LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,448 shares of the transportation company’s stock, valued at approximately $1,156,000. United Parcel Service accounts for about 0.8% of Daner Wealth Management LLC’s holdings, making the stock its 19th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. Norges Bank purchased a new position in United Parcel Service in the second quarter valued at $851,842,000. Laurel Wealth Advisors LLC increased its holdings in United Parcel Service by 11,517.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock worth $252,695,000 after purchasing an additional 2,481,864 shares during the period. Nuveen LLC acquired a new stake in United Parcel Service in the 1st quarter valued at about $201,358,000. Arrowstreet Capital Limited Partnership raised its position in United Parcel Service by 78.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock valued at $412,528,000 after purchasing an additional 1,799,882 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of United Parcel Service by 45.4% in the 2nd quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock valued at $578,467,000 after buying an additional 1,789,467 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on UPS shares. Truist Financial upped their target price 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. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Stephens upgraded United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $110.00.

United Parcel Service Trading Up 0.1%

NYSE UPS opened at $94.88 on Friday. The firm’s fifty day moving average price is $91.02 and its 200 day moving average price is $92.59. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $136.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $80.50 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 2.27 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) 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 the consensus estimate of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. United Parcel Service’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 earnings per share. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.9%. United Parcel Service’s dividend payout ratio is 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.