Blair William & Co. IL Decreases Holdings in United Parcel Service, Inc. $UPS

Blair William & Co. IL decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 20.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 96,123 shares of the transportation company’s stock after selling 25,315 shares during the period. Blair William & Co. IL’s holdings in United Parcel Service were worth $8,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in United Parcel Service in the 2nd quarter valued at about $277,000. SVB Wealth LLC acquired a new position in United Parcel Service in the 2nd quarter valued at about $848,000. Penserra Capital Management LLC lifted its holdings in United Parcel Service by 12.2% in the 2nd quarter. Penserra Capital Management LLC now owns 4,041 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 439 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in shares of United Parcel Service by 10.9% during the 2nd quarter. AE Wealth Management LLC now owns 49,712 shares of the transportation company’s stock worth $5,018,000 after purchasing an additional 4,885 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 2.4%

Shares of NYSE:UPS opened at $99.87 on Tuesday. The stock has a 50-day simple moving average of $110.09 and a 200-day simple moving average of $97.71. The stock has a market capitalization of $84.80 billion, a P/E ratio of 15.22, a PEG ratio of 1.62 and a beta of 1.08. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $123.70. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22.

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 analysts’ consensus estimates 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 period in the previous year, the company posted $2.75 earnings per share. United Parcel Service’s revenue was down 3.2% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s dividend payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on UPS shares. Truist Financial boosted 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 report on Wednesday, January 28th. Jefferies Financial Group raised their price objective on United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft increased 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, Susquehanna upped their price target on shares of United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $113.67.

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.