Farther Finance Advisors LLC Raises Stake in United Parcel Service, Inc. $UPS

Farther Finance Advisors LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 71.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,609 shares of the transportation company’s stock after purchasing an additional 10,271 shares during the quarter. Farther Finance Advisors LLC’s holdings in United Parcel Service were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in United Parcel Service by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 66,905,138 shares of the transportation company’s stock worth $6,753,405,000 after buying an additional 768,912 shares in the last quarter. State Street Corp boosted its stake in shares of United Parcel Service by 1.5% in the second quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock worth $3,106,381,000 after acquiring an additional 444,384 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of United Parcel Service by 3.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock worth $2,603,459,000 after acquiring an additional 746,667 shares during the period. Geode Capital Management LLC grew its position in shares of United Parcel Service by 4.8% during the second quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock worth $1,675,733,000 after purchasing an additional 762,407 shares in the last quarter. Finally, Norges Bank bought a new stake in United Parcel Service during the 2nd quarter valued at approximately $851,842,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent analyst reports. Susquehanna upped their price target on United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Citigroup boosted their target price on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. UBS Group raised their target price on shares of United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Truist Financial lifted their price target 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $110.09.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $100.54 on Friday. The firm has a fifty day simple moving average of $95.55 and a two-hundred day simple moving average of $92.92. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $85.29 billion, a P/E ratio of 15.54, a PEG ratio of 2.40 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 EPS 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 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%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.76 EPS. On average, 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 business also recently disclosed 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 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 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.