5,745 Shares in United Parcel Service, Inc. $UPS Purchased by AIA Group Ltd

AIA Group Ltd purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,745 shares of the transportation company’s stock, valued at approximately $480,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UPS. Allworth Financial LP increased its holdings in shares of United Parcel Service by 2.0% in the 3rd quarter. Allworth Financial LP now owns 192,752 shares of the transportation company’s stock worth $16,101,000 after buying an additional 3,707 shares during the last quarter. IFP Advisors Inc increased its stake in United Parcel Service by 29.0% in the third quarter. IFP Advisors Inc now owns 38,678 shares of the transportation company’s stock valued at $3,235,000 after acquiring an additional 8,699 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in United Parcel Service by 2.5% during the third quarter. Swiss Life Asset Management Ltd now owns 1,203,460 shares of the transportation company’s stock valued at $100,525,000 after purchasing an additional 29,075 shares in the last quarter. Investment Research Partners LLC bought a new stake in United Parcel Service during the third quarter worth about $1,555,000. Finally, ARQ Wealth Advisors LLC bought a new stake in United Parcel Service during the third quarter worth about $591,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

NYSE:UPS opened at $95.94 on Friday. The firm has a market cap of $81.46 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The business has a 50 day moving average price of $109.19 and a 200-day moving average price of $98.30.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.18. The business had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.75 EPS. Equities research 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 announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Tuesday, February 17th. United Parcel Service’s dividend payout ratio is currently 100.00%.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UPS shares. Stephens boosted their target price on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Oppenheimer increased their price target on shares of United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. BMO Capital Markets lifted their price target on shares of United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Finally, Truist Financial upped their price objective on shares of United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $113.67.

United Parcel Service Company 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.