3,970 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by Advisor Resource Council

Advisor Resource Council bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,970 shares of the transportation company's stock, valued at approximately $437,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in United Parcel Service in the fourth quarter valued at $1,075,393,000. Raymond James Financial Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $393,680,000. Franklin Resources Inc. raised its holdings in United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in United Parcel Service by 6.1% during the fourth 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 purchasing an additional 1,337,058 shares during the last quarter. Finally, Amundi grew its stake in United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after purchasing an additional 1,277,328 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Up 0.3%

United Parcel Service stock traded up $0.26 during trading hours on Tuesday, hitting $100.66. The stock had a trading volume of 3,675,220 shares, compared to its average volume of 5,188,838. The business's 50 day simple moving average is $97.81 and its 200-day simple moving average is $111.24. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The stock has a market cap of $85.24 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 1.76 and a beta of 1.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

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

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.52%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UPS. Bank of America upped their price objective on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Truist Financial cut their target price on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Finally, Oppenheimer dropped their price objective on United Parcel Service from $126.00 to $114.00 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 given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Company 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.