Simplicity Wealth LLC Buys 7,308 Shares of United Parcel Service, Inc. (NYSE:UPS)

Simplicity Wealth LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 136.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 12,664 shares of the transportation company's stock after purchasing an additional 7,308 shares during the quarter. Simplicity Wealth LLC's holdings in United Parcel Service were worth $1,393,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of United Parcel Service in the 4th quarter worth about $1,075,393,000. Raymond James Financial Inc. purchased a new stake in United Parcel Service during the fourth quarter worth about $393,680,000. Franklin Resources Inc. lifted its stake in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Van ECK Associates Corp raised its stake in United Parcel Service by 77.7% in the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock valued at $397,329,000 after acquiring an additional 1,378,136 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after buying an additional 1,337,058 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of NYSE UPS traded down $0.93 during trading hours on Thursday, hitting $100.23. 1,041,229 shares of the stock were exchanged, compared to its average volume of 5,164,262. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company's 50 day moving average is $97.22 and its 200 day moving average is $113.33. The firm has a market capitalization of $84.87 billion, a P/E ratio of 14.83, a P/E/G ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm's revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 EPS. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UPS shares. Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. 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 note on Thursday, April 24th. Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Wall Street Zen downgraded United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of 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. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has an average rating of "Hold" and a consensus target price of $120.26.

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.