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Bluebird Wealth Management LLC Makes New Investment in United Parcel Service, Inc. $UPS

United Parcel Service logo with Transportation background
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Bluebird Wealth Management LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,053 shares of the transportation company's stock, valued at approximately $1,493,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company's stock worth $6,794,160,000 after purchasing an additional 1,218,432 shares during the period. State Street Corp boosted its position in shares of United Parcel Service by 0.9% in the third quarter. State Street Corp now owns 31,063,250 shares of the transportation company's stock valued at $2,594,713,000 after acquiring an additional 288,720 shares during the period. Victory Capital Management Inc. boosted its position in shares of United Parcel Service by 10.5% in the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company's stock valued at $667,109,000 after acquiring an additional 761,217 shares during the period. Invesco Ltd. boosted its position in shares of United Parcel Service by 17.3% in the third quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company's stock valued at $561,678,000 after acquiring an additional 993,461 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of United Parcel Service by 10.6% in the third quarter. Dimensional Fund Advisors LP now owns 5,072,282 shares of the transportation company's stock valued at $423,746,000 after acquiring an additional 486,384 shares during the period. 60.26% of the stock is owned by institutional investors.

Trending Headlines about United Parcel Service

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Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their target price on shares of United Parcel Service from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Wolfe Research reissued a "peer perform" rating on shares of United Parcel Service in a research report on Thursday, January 8th. HSBC raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research report on Wednesday, January 28th. TD Cowen boosted their target price on shares of United Parcel Service from $101.00 to $115.00 and gave the company a "hold" rating in a research report on Wednesday, January 28th. Finally, UBS Group dropped their price target on United Parcel Service from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and an average price target of $112.08.

Get Our Latest Analysis on United Parcel Service

United Parcel Service Stock Up 1.9%

Shares of NYSE UPS opened at $99.97 on Thursday. The company has a 50 day simple moving average of $102.78 and a 200 day simple moving average of $102.12. The firm has a market cap of $84.88 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $1.49 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Profile

(Free Report)

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

See Also

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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