United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Financial Partners Group LLC

Financial Partners Group LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 164.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 90,997 shares of the transportation company's stock after buying an additional 56,569 shares during the quarter. United Parcel Service makes up about 4.3% of Financial Partners Group LLC's investment portfolio, making the stock its 7th largest holding. Financial Partners Group LLC's holdings in United Parcel Service were worth $10,009,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service during the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $30,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research analyst reports. Oppenheimer lowered their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. BMO Capital Markets lowered their target price on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Truist Financial dropped their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Loop Capital dropped their price target on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, Raymond James Financial dropped their price target on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service has an average rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Stock Up 0.2%

NYSE UPS traded up $0.15 during trading on Friday, reaching $99.36. 11,093,220 shares of the company's stock were exchanged, compared to its average volume of 5,189,324. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The firm has a market capitalization of $84.14 billion, a PE ratio of 14.48, a P/E/G ratio of 1.74 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company's fifty day simple moving average is $97.77 and its 200-day simple moving average is $111.53.

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, topping 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 firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the company posted $1.43 EPS. The business's quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.60%. United Parcel Service's dividend payout ratio is 95.63%.

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.