Good Life Advisors LLC Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Good Life Advisors LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 71.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,321 shares of the transportation company's stock after buying an additional 16,826 shares during the period. Good Life Advisors LLC's holdings in United Parcel Service were worth $4,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. LaFleur & Godfrey LLC raised its holdings in shares of United Parcel Service by 62.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock worth $785,000 after acquiring an additional 2,401 shares in the last quarter. Brighton Jones LLC increased its position in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in United Parcel Service by 27.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after purchasing an additional 28,108 shares during the last quarter. Blue Trust Inc. raised its stake in United Parcel Service by 71.3% during the fourth quarter. Blue Trust Inc. now owns 15,011 shares of the transportation company's stock valued at $1,893,000 after purchasing an additional 6,250 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC raised its stake in United Parcel Service by 13.6% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 1,684 shares of the transportation company's stock valued at $212,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 0.6%

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. The company has a market cap of $83.93 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 1.75 and a beta of 1.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The firm has a fifty day simple moving average of $97.67 and a two-hundred day simple moving average of $112.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company's revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a research report on Friday, March 7th. They set a "hold" rating and a $119.00 price objective on the stock. Truist Financial dropped their target price 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. Finally, UBS Group decreased their price target on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Company 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.