Bailard Inc. Has $397,000 Position in United Parcel Service, Inc. $UPS

Bailard Inc. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 78.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,751 shares of the transportation company’s stock after selling 17,517 shares during the quarter. Bailard Inc.’s holdings in United Parcel Service were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Wealth Group LLC increased its holdings in shares of United Parcel Service by 3.9% during the second quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after buying an additional 97 shares in the last quarter. Gleason Group Inc. grew its position in United Parcel Service by 1.7% during the 2nd quarter. Gleason Group Inc. now owns 6,864 shares of the transportation company’s stock worth $693,000 after acquiring an additional 113 shares during the last quarter. Richwood Investment Advisors LLC increased its holdings in United Parcel Service by 1.9% in the 2nd quarter. Richwood Investment Advisors LLC now owns 6,089 shares of the transportation company’s stock worth $615,000 after purchasing an additional 115 shares in the last quarter. MSH Capital Advisors LLC raised its position in United Parcel Service by 1.4% in the second quarter. MSH Capital Advisors LLC now owns 8,088 shares of the transportation company’s stock valued at $816,000 after purchasing an additional 115 shares during the last quarter. Finally, Wealth Advisory Solutions LLC boosted its stake in shares of United Parcel Service by 2.3% during the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after purchasing an additional 118 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the subject of several recent research reports. Evercore ISI upped their price objective on United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a research note on Wednesday. Stephens upgraded shares of United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Sanford C. Bernstein lifted their price target on shares of United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Truist Financial increased their price objective on United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Wells Fargo & Company raised their target price on United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.84.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $108.02 on Friday. The company has a market capitalization of $91.65 billion, a PE ratio of 16.70, a P/E/G ratio of 2.36 and a beta of 1.11. 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, Inc. has a twelve month low of $82.00 and a twelve month high of $136.99. The firm has a fifty day simple moving average of $100.47 and a 200 day simple moving average of $93.45.

United Parcel Service (NYSE:UPS) last issued 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. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Monday, November 17th. United Parcel Service’s payout ratio 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.