Farther Finance Advisors LLC Grows Stake in United Parcel Service, Inc. (NYSE:UPS)

Farther Finance Advisors LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 24.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,527 shares of the transportation company's stock after buying an additional 2,486 shares during the quarter. Farther Finance Advisors LLC's holdings in United Parcel Service were worth $1,369,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quent Capital LLC boosted its stake in United Parcel Service by 16.7% during the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock valued at $70,000 after purchasing an additional 80 shares during the last quarter. Altus Wealth Group LLC boosted its holdings in shares of United Parcel Service by 4.6% in the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after acquiring an additional 89 shares during the period. Morningstar Investment Management LLC boosted its holdings in United Parcel Service by 1.9% in the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company's stock valued at $637,000 after purchasing an additional 95 shares during the period. Colonial Trust Co SC grew its holdings in shares of United Parcel Service by 1.4% during the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after purchasing an additional 98 shares in the last quarter. Finally, Juncture Wealth Strategies LLC boosted its holdings in shares of United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 0.3%

United Parcel Service stock traded down $0.31 during midday trading on Thursday, hitting $100.85. 3,105,662 shares of the company's stock were exchanged, compared to its average volume of 5,178,870. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The firm has a 50-day moving average of $97.22 and a two-hundred day moving average of $113.33. The company has a market cap of $85.40 billion, a PE ratio of 14.92, a P/E/G ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share 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 business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the company earned $1.43 earnings per share. The company's quarterly revenue was down .9% on a year-over-year basis. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.50%. United Parcel Service's payout ratio is currently 95.63%.

Analyst Ratings Changes

A number of equities analysts have commented on UPS shares. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Barclays cut their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Monday, March 31st. Truist Financial lowered their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research report on Thursday, May 1st. Finally, Raymond James cut their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $120.26.

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.