IFP Advisors Inc Raises Holdings in United Parcel Service, Inc. $UPS

IFP Advisors Inc boosted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 252.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,979 shares of the transportation company's stock after buying an additional 21,475 shares during the period. IFP Advisors Inc's holdings in United Parcel Service were worth $3,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of UPS. Founders Capital Management LLC lifted its holdings in United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company's stock valued at $11,245,000 after acquiring an additional 8,579 shares during the period. Gallacher Capital Management LLC acquired a new position in United Parcel Service in the first quarter valued at approximately $620,000. Garde Capital Inc. acquired a new position in United Parcel Service in the first quarter valued at approximately $37,000. Capital CS Group LLC lifted its holdings in United Parcel Service by 3.6% in the second quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company's stock valued at $23,730,000 after acquiring an additional 8,070 shares during the period. Finally, CX Institutional lifted its holdings in United Parcel Service by 39.9% in the second quarter. CX Institutional now owns 60,165 shares of the transportation company's stock valued at $6,073,000 after acquiring an additional 17,152 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UPS. Citigroup reduced their target price on United Parcel Service from $127.00 to $114.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. UBS Group reduced their target price on United Parcel Service from $118.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, October 3rd. Truist Financial reduced their price objective on United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. BMO Capital Markets reissued a "market perform" rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Finally, Stifel Nicolaus reduced their price objective on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $109.38.

Insider Buying and Selling at United Parcel Service

In related news, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The shares were bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 31st. The stock was bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director directly owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock valued at $1,477,382 in the last quarter. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Stock Performance

NYSE UPS opened at $82.97 on Friday. The stock has a fifty day simple moving average of $85.74 and a 200-day simple moving average of $94.45. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The stock has a market cap of $70.32 billion, a PE ratio of 12.35, a P/E/G ratio of 1.57 and a beta of 1.10. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. During the same quarter last year, the business earned $1.79 earnings per share. The business's revenue was down 2.7% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.9%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

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.

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