Anchyra Partners LLC Buys New Position in United Parcel Service, Inc. $UPS

Anchyra Partners LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,729 shares of the transportation company’s stock, valued at approximately $767,000.

A number of other institutional investors also recently made changes to their positions in UPS. Westbourne Investments Inc. raised its holdings in United Parcel Service by 1.2% during the fourth quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock worth $781,000 after purchasing an additional 91 shares in the last quarter. Webster Bank N. A. raised its stake in shares of United Parcel Service by 16.7% in the 4th quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock worth $69,000 after buying an additional 100 shares in the last quarter. Peoples Financial Services CORP. lifted its holdings in shares of United Parcel Service by 2.5% in the fourth quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock valued at $400,000 after buying an additional 100 shares during the period. Argyle Capital Management LLC lifted its holdings in shares of United Parcel Service by 0.4% in the fourth quarter. Argyle Capital Management LLC now owns 27,505 shares of the transportation company’s stock valued at $2,728,000 after buying an additional 100 shares during the period. Finally, Spurstone Advisory Services LLC boosted its stake in United Parcel Service by 2.7% during the fourth quarter. Spurstone Advisory Services LLC now owns 3,742 shares of the transportation company’s stock valued at $371,000 after buying an additional 100 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

United Parcel Service Trading Down 0.0%

NYSE:UPS opened at $107.01 on Monday. The stock has a fifty day simple moving average of $104.24 and a 200 day simple moving average of $101.27. The firm has a market capitalization of $90.86 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.69 and a beta of 1.12. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.18. The firm had revenue of $24.48 billion for the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.75 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.06 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were paid a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.1%. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UPS shares. Bank of America raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a report on Friday, January 9th. Oppenheimer upped their price target on shares of United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price objective on shares of United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Truist Financial boosted their target price on shares of United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Susquehanna increased their target price on shares of United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $113.03.

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United Parcel Service Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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