Woodley Farra Manion Portfolio Management Inc. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 2.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 23,123 shares of the transportation company’s stock after purchasing an additional 656 shares during the period. Woodley Farra Manion Portfolio Management Inc.’s holdings in United Parcel Service were worth $2,334,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of United Parcel Service during the 2nd quarter valued at about $26,000. Hemington Wealth Management increased its holdings in United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares during the last quarter. Saudi Central Bank bought a new position in United Parcel Service during the first quarter valued at approximately $32,000. Flaharty Asset Management LLC acquired a new stake in United Parcel Service in the first quarter valued at approximately $33,000. Finally, RMG Wealth Management LLC acquired a new stake in United Parcel Service in the second quarter valued at approximately $34,000. 60.26% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Price Performance
Shares of United Parcel Service stock opened at $96.01 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32. The company has a market cap of $81.37 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. The firm has a fifty day moving average price of $87.91 and a two-hundred day moving average price of $92.91. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $138.67.
United Parcel Service Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be given a $1.64 dividend. The ex-dividend date is Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.8%. United Parcel Service’s payout ratio is 101.39%.
Analysts Set New Price Targets
UPS has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Vertical Research reaffirmed a “hold” rating and issued a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Truist Financial upped their price target on United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Citigroup increased their price objective on United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Evercore ISI reduced their target price on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $110.00.
Read Our Latest Stock Analysis on United Parcel Service
Insiders Place Their Bets
In other news, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director owned 500 shares of the company’s stock, valued at approximately $44,085. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.
United Parcel Service Profile
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
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