United Parcel Service, Inc. (NYSE:UPS) is Financial Partners Group LLC's 7th Largest Position

Financial Partners Group LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 164.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,997 shares of the transportation company's stock after buying an additional 56,569 shares during the quarter. United Parcel Service comprises 4.3% of Financial Partners Group LLC's portfolio, making the stock its 7th largest position. Financial Partners Group LLC's holdings in United Parcel Service were worth $10,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new position in United Parcel Service in the 4th quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. bought a new position in United Parcel Service in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Susquehanna decreased their price objective on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Oppenheimer decreased their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Truist Financial decreased their price objective 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. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Galvan Research decreased their price objective on United Parcel Service from $147.00 to $133.00 and set a "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 issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $0.55 on Thursday, reaching $99.12. 4,361,721 shares of the company traded hands, compared to its average volume of 5,177,795. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The company's 50 day moving average is $97.67 and its 200-day moving average is $112.10. The stock has a market capitalization of $83.93 billion, a PE ratio of 14.45, a P/E/G ratio of 1.74 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The company's quarterly revenue was down .9% compared to the same quarter last year. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued 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 6.62%. United Parcel Service's payout ratio is currently 95.63%.

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.