Frank Rimerman Advisors LLC Invests $3.64 Million in United Parcel Service, Inc. $UPS

Frank Rimerman Advisors LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 36,734 shares of the transportation company’s stock, valued at approximately $3,644,000.

Other hedge funds have also recently bought and sold shares of the company. BLVD Private Wealth LLC purchased a new position in shares of United Parcel Service in the second quarter valued at $1,479,000. Strategic Planning Inc. purchased a new stake in shares of United Parcel Service in the 3rd quarter worth about $3,885,000. Victory Capital Management Inc. grew its stake in United Parcel Service by 10.5% in the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after acquiring an additional 761,217 shares during the last quarter. World Investment Advisors grew its stake in United Parcel Service by 260.4% in the 3rd quarter. World Investment Advisors now owns 78,577 shares of the transportation company’s stock valued at $6,564,000 after acquiring an additional 56,772 shares during the last quarter. Finally, Addenda Capital Inc. increased its holdings in United Parcel Service by 28.0% during the 3rd quarter. Addenda Capital Inc. now owns 88,067 shares of the transportation company’s stock valued at $7,356,000 after acquiring an additional 19,289 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research reports. Wolfe Research restated a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. JPMorgan Chase & Co. raised 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. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Truist Financial increased their target price on United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, BNP Paribas Exane downgraded United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price target for the company. in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.67.

United Parcel Service Price Performance

United Parcel Service stock opened at $98.20 on Wednesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a 50 day moving average price of $107.76 and a 200 day moving average price of $99.01. The company has a market cap of $83.38 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.49 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The company had revenue of $24.48 billion for the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. United Parcel Service’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.75 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is 100.00%.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

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.