Private Advisor Group LLC Has $12.71 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Private Advisor Group LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,546 shares of the transportation company's stock after acquiring an additional 10,917 shares during the quarter. Private Advisor Group LLC's holdings in United Parcel Service were worth $12,709,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in UPS. Graybill Wealth Management LTD. bought a new stake in United Parcel Service during the 1st quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $27,000. Citizens National Bank Trust Department lifted its position in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares during the period. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $30,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 0.3%

UPS opened at $99.21 on Friday. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $146.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a fifty day moving average of $99.85 and a 200-day moving average of $108.02. The stock has a market cap of $84.01 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm's revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analysts Set New Price Targets

UPS has been the subject of several analyst reports. Stifel Nicolaus cut their target price on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Oppenheimer cut their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Truist Financial cut their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $119.13.

About United Parcel Service

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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