Arkfeld Wealth Strategies L.L.C. Invests $4.51 Million in United Parcel Service, Inc. (NYSE:UPS)

Arkfeld Wealth Strategies L.L.C. bought a new position in 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 fund bought 40,983 shares of the transportation company's stock, valued at approximately $4,508,000. United Parcel Service accounts for 1.9% of Arkfeld Wealth Strategies L.L.C.'s investment portfolio, making the stock its 13th biggest position.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new stake in United Parcel Service in the fourth quarter worth $1,075,393,000. Raymond James Financial Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $393,680,000. Franklin Resources Inc. lifted its holdings in shares of United Parcel Service by 15.6% in the 4th 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 during the last quarter. Van ECK Associates Corp boosted its stake in shares of United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock worth $397,329,000 after purchasing an additional 1,378,136 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in 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 purchasing an additional 1,337,058 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 1.4%

United Parcel Service stock traded up $1.37 during mid-day trading on Friday, reaching $98.24. 3,041,147 shares of the company were exchanged, compared to its average volume of 5,154,966. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm has a market cap of $83.19 billion, a P/E ratio of 14.53, a PEG ratio of 1.55 and a beta of 1.22. The business has a fifty day moving average of $97.32 and a 200 day moving average of $113.99. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15.

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. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period in the previous year, the company posted $1.43 EPS. The business's revenue for the quarter was down .9% compared to the same quarter last year. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is currently 95.63%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UPS. Wall Street Zen downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Citigroup decreased their price target on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Truist Financial cut their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Susquehanna reduced their target price on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 target price for the company. Two 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus price target of $120.26.

About United Parcel Service

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.