United Parcel Service, Inc. $UPS Shares Newly Purchased by Tucker Asset Management LLC

Tucker Asset Management LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,228 shares of the transportation company’s stock, valued at approximately $675,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of America Corp DE lifted its position in United Parcel Service by 23.3% during the first quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company’s stock worth $957,053,000 after acquiring an additional 1,836,651 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of United Parcel Service by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 5,037,626 shares of the transportation company’s stock worth $495,411,000 after acquiring an additional 271,646 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of United Parcel Service by 2.1% during the first quarter. Bank of New York Mellon Corp now owns 4,639,324 shares of the transportation company’s stock worth $456,417,000 after acquiring an additional 97,582 shares during the period. First Trust Advisors LP boosted its holdings in shares of United Parcel Service by 37.4% during the first quarter. First Trust Advisors LP now owns 3,631,133 shares of the transportation company’s stock worth $357,231,000 after acquiring an additional 988,442 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of United Parcel Service by 8.2% in the first quarter. Pacer Advisors Inc. now owns 3,510,630 shares of the transportation company’s stock valued at $345,376,000 after purchasing an additional 266,396 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In related news, insider Matthew Guffey sold 8,318 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total value of $876,634.02. Following the completion of the sale, the insider directly owned 271 shares in the company, valued at approximately $28,560.69. The trade was a 96.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company’s stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $109.65 on Tuesday. United Parcel Service, Inc. has a twelve month low of $90.84 and a twelve month high of $122.41. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 1.67. The company has a 50-day simple moving average of $99.34 and a two-hundred day simple moving average of $104.65. The stock has a market capitalization of $93.29 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, October 27th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. United Parcel Service had a net margin of 4.84% and a return on equity of 37.78%. The firm had revenue of $22.90 billion during the quarter, compared to the consensus estimate of $22.27 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts forecast that United Parcel Service, Inc. will post 7.28 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Monday, August 17th. United Parcel Service’s payout ratio is presently 126.15%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UPS shares. Truist Financial increased their target price on United Parcel Service from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Stifel Nicolaus lifted their price target on United Parcel Service from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. UBS Group boosted their price target on United Parcel Service from $124.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Citizens Jmp began coverage on United Parcel Service in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Evercore upped their price objective on United Parcel Service from $117.00 to $118.00 in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $118.45.

About United Parcel Service

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.