Focus Partners Advisor Solutions LLC Raises Holdings in United Parcel Service, Inc. $UPS

Focus Partners Advisor Solutions LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 64.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,919 shares of the transportation company’s stock after acquiring an additional 12,922 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in United Parcel Service were worth $2,908,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of UPS. Andra AP fonden raised its position in United Parcel Service by 95.9% during the 2nd quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock worth $33,611,000 after buying an additional 163,000 shares during the last quarter. BLVD Private Wealth LLC acquired a new stake in shares of United Parcel Service in the second quarter worth $1,479,000. Strategic Planning Inc. purchased a new position in shares of United Parcel Service during the third quarter worth $3,885,000. Avantax Advisory Services Inc. raised its holdings in shares of 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 worth $9,525,000 after purchasing an additional 12,035 shares during the last quarter. Finally, Equity Investment Corp lifted its position in United Parcel Service by 16.8% during the second quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock valued at $114,118,000 after purchasing an additional 162,364 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 2.4%

United Parcel Service stock opened at $110.52 on Thursday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $123.70. The stock has a market capitalization of $93.84 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day simple moving average of $109.98 and a 200-day simple moving average of $97.31.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.20 by $0.18. The company had revenue of $24.48 billion during the quarter, compared to analyst estimates 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 was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.75 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s dividend payout ratio is 100.00%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets increased their price target on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Truist Financial raised their target price on United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. TD Cowen lifted their price target on United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their price target on United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Evercore raised their price objective on shares of United Parcel Service from $94.00 to $113.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 21st. 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 given a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average price target of $113.67.

Insiders Place Their Bets

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction dated 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

About United Parcel Service

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.