BLVD Private Wealth LLC Raises Stock Holdings in United Parcel Service, Inc. $UPS

BLVD Private Wealth LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 55.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,765 shares of the transportation company’s stock after acquiring an additional 8,109 shares during the quarter. United Parcel Service makes up 1.6% of BLVD Private Wealth LLC’s investment portfolio, making the stock its 16th largest position. BLVD Private Wealth LLC’s holdings in United Parcel Service were worth $1,902,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Andra AP fonden lifted its holdings in shares of United Parcel Service by 95.9% during the 2nd quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock valued at $33,611,000 after buying an additional 163,000 shares during the period. Strategic Planning Inc. bought a new stake in United Parcel Service during the third quarter valued at approximately $3,885,000. Avantax Advisory Services Inc. increased its holdings in United Parcel Service by 14.6% during the second quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock valued at $9,525,000 after buying an additional 12,035 shares during the last quarter. Equity Investment Corp lifted its position in shares of United Parcel Service by 16.8% during the 2nd quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock valued at $114,118,000 after buying an additional 162,364 shares in the last quarter. Finally, Cowa LLC boosted its position in shares of United Parcel Service by 329.2% in the second quarter. Cowa LLC now owns 8,785 shares of the transportation company’s stock worth $887,000 after purchasing an additional 6,738 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

UPS stock opened at $106.89 on Friday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $136.99. The firm has a market cap of $90.68 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 2.33 and a beta of 1.11. The business’s fifty day simple moving average is $99.20 and its two-hundred day simple moving average is $93.24. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid 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 yield of 6.1%. United Parcel Service’s dividend payout ratio is 101.39%.

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. BNP Paribas Exane downgraded United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price objective on the stock. in a research report on Tuesday, January 13th. UBS Group raised their target price on shares of United Parcel Service from $113.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. increased their price objective on shares of United Parcel Service from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Truist Financial increased their price target on United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, BNP Paribas downgraded shares of United Parcel Service from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $111.42.

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.