United Parcel Service, Inc. (NYSE:UPS) Stake Raised by Ignite Planners LLC

Ignite Planners LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 311.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,245 shares of the transportation company's stock after buying an additional 13,058 shares during the period. Ignite Planners LLC's holdings in United Parcel Service were worth $1,897,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in United Parcel Service in the fourth quarter valued at approximately $1,075,393,000. Franklin Resources Inc. increased its holdings in United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $145,846,000. Price T Rowe Associates Inc. MD raised its stake in shares of United Parcel Service by 19.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock valued at $815,102,000 after purchasing an additional 1,064,293 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of United Parcel Service by 316.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock worth $141,581,000 after acquiring an additional 853,388 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UPS. Truist Financial reduced their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Galvan Research cut their price target on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. UBS Group lowered their target price on United Parcel Service from $128.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Finally, BNP Paribas upgraded United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and an average price target of $119.13.

United Parcel Service Stock Up 2.2%

NYSE:UPS traded up $2.20 during mid-day trading on Tuesday, reaching $101.10. The company's stock had a trading volume of 5,747,403 shares, compared to its average volume of 5,276,090. The stock has a fifty day moving average of $99.85 and a 200-day moving average of $107.91. 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 1 year low of $90.55 and a 1 year high of $145.01. The firm has a market capitalization of $85.61 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.90 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The company's revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

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.