2,658 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by JBR Co Financial Management Inc

JBR Co Financial Management Inc acquired a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,658 shares of the transportation company's stock, valued at approximately $292,000.

A number of other large investors have also modified their holdings of UPS. Norges Bank acquired a new position in United Parcel Service in the 4th quarter worth about $1,075,393,000. Raymond James Financial Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $393,680,000. Franklin Resources Inc. raised its stake in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after buying an additional 1,484,452 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after buying an additional 1,337,058 shares in the last quarter. Finally, Amundi grew its stake in United Parcel Service by 14.6% in the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after acquiring an additional 1,277,328 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on UPS. Galvan Research decreased their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Oppenheimer reduced their price target on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective on the stock. Truist Financial reduced their target price on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, BMO Capital Markets lowered their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Stock Performance

NYSE:UPS opened at $99.74 on Wednesday. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50 day moving average price of $97.68 and a 200 day moving average price of $112.19. The stock has a market capitalization of $84.46 billion, a P/E ratio of 14.54, a PEG ratio of 1.77 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $1.43 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

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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