Empirical Financial Services LLC d.b.a. Empirical Wealth Management Lowers Position in United Parcel Service, Inc. $UPS

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 38.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,482 shares of the transportation company’s stock after selling 5,230 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in United Parcel Service were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd increased its stake in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after buying an additional 131 shares during the last quarter. Salzhauer Michael purchased a new stake in United Parcel Service during the third quarter worth about $31,000. Physician Wealth Advisors Inc. raised its position in United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after acquiring an additional 163 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in United Parcel Service in the second quarter valued at about $34,000. Finally, Avion Wealth grew its position in shares of United Parcel Service by 284.1% during the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 321 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 1.4%

Shares of UPS opened at $115.06 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $123.70. The company has a market capitalization of $97.62 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.85 and a beta of 1.11. The firm’s 50 day simple moving average is $108.11 and its 200 day simple moving average is $96.06.

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 for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter last year, the company posted $2.75 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.64 per share. The ex-dividend date is Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 5.7%. United Parcel Service’s dividend payout ratio is 100.00%.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Key Stories Impacting United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UPS. Deutsche Bank Aktiengesellschaft increased their price objective on United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Susquehanna boosted their price target on shares of United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Truist Financial increased their target price on United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Finally, Wells Fargo & Company raised their target price on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $113.67.

View Our Latest Report on United Parcel Service

About United Parcel Service

(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.

Featured Stories

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

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