Exchange Traded Concepts LLC Increases Stock Holdings in United Parcel Service, Inc. $UPS

Exchange Traded Concepts LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3,510.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,075 shares of the transportation company’s stock after purchasing an additional 41,882 shares during the period. Exchange Traded Concepts LLC’s holdings in United Parcel Service were worth $3,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UPS. Andra AP fonden lifted its holdings in United Parcel Service by 95.9% during the 2nd quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock worth $33,611,000 after buying an additional 163,000 shares in the last quarter. BLVD Private Wealth LLC purchased a new stake in shares of United Parcel Service during the second quarter worth $1,479,000. Avantax Advisory Services Inc. raised its stake in shares of United Parcel Service by 14.6% in the second quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock valued at $9,525,000 after acquiring an additional 12,035 shares in the last quarter. Equity Investment Corp raised its stake in shares of United Parcel Service by 16.8% in the second quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock valued at $114,118,000 after acquiring an additional 162,364 shares in the last quarter. Finally, Cowa LLC boosted its holdings in United Parcel Service by 329.2% in the second quarter. Cowa LLC now owns 8,785 shares of the transportation company’s stock valued at $887,000 after purchasing an additional 6,738 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UPS shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. BMO Capital Markets restated a “market perform” rating and set a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Citigroup lifted their price target on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Stifel Nicolaus boosted their price target on shares of United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, Truist Financial raised their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $110.09.

United Parcel Service Trading Up 0.4%

Shares of United Parcel Service stock opened at $100.58 on Thursday. The company has a fifty day simple moving average of $94.97 and a 200-day simple moving average of $92.86. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $136.99. 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 stock has a market cap of $85.33 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 2.39 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The firm had revenue of $21.42 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.76 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

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.