Landscape Capital Management L.L.C. Acquires 18,440 Shares of United Parcel Service, Inc. $UPS

Key Points

• Landscape Capital Management increased its stake in United Parcel Service by 32.5%, purchasing 18,440 shares to own 75,113 shares valued at about $6.27 million.
• UPS beat quarterly estimates with $2.38 EPS (vs. $2.20 expected) and $24.48B revenue (vs. $23.91B expected), though revenue was down 3.2% year‑over‑year and the consensus analyst rating remains a Hold with a $113.67 price target.
• The company declared a quarterly dividend of $1.64 ($6.56 annualized), representing a 6.7% yield and a payout ratio of 100%.

Landscape Capital Management L.L.C. grew its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 32.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,113 shares of the transportation company's stock after purchasing an additional 18,440 shares during the period. Landscape Capital Management L.L.C.'s holdings in United Parcel Service were worth $6,274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in UPS. Evelyn Partners Investment Management Europe Ltd increased its stake in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company's stock worth $25,000 after buying an additional 131 shares during the period. Salzhauer Michael purchased a new stake in United Parcel Service in the 3rd quarter valued at about $31,000. Physician Wealth Advisors Inc. grew its stake in United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company's stock worth $31,000 after acquiring an additional 163 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of United Parcel Service during the second quarter worth approximately $34,000. Finally, Avion Wealth raised its stake in shares of United Parcel Service by 284.1% during the third quarter. Avion Wealth now owns 434 shares of the transportation company's stock valued at $36,000 after acquiring an additional 321 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm's stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company's stock.

United Parcel Service Stock Down 0.2%

NYSE UPS traded down $0.21 during midday trading on Friday, hitting $97.68. 604,176 shares of the company traded hands, compared to its average volume of 6,316,006. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The company's 50-day simple moving average is $110.12 and its 200-day simple moving average is $97.81. The company has a market cap of $82.94 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.59 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The business's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service's dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on United Parcel Service from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Stifel Nicolaus lifted their target price on United Parcel Service from $112.00 to $116.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. UBS Group increased their price target on United Parcel Service from $116.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Truist Financial raised their price target on United Parcel Service from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on United Parcel Service from $88.00 to $106.00 and gave the company a "hold" rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $113.67.

About United Parcel Service

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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