Stratos Wealth Partners LTD. Buys 7,172 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stratos Wealth Partners LTD. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,617 shares of the transportation company's stock after purchasing an additional 7,172 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in United Parcel Service were worth $8,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Stratos Investment Management LLC lifted its position in United Parcel Service by 21.9% during the first quarter. Stratos Investment Management LLC now owns 7,789 shares of the transportation company's stock valued at $857,000 after purchasing an additional 1,399 shares during the last quarter. NTV Asset Management LLC lifted its position in United Parcel Service by 150.5% during the first quarter. NTV Asset Management LLC now owns 8,251 shares of the transportation company's stock valued at $908,000 after purchasing an additional 4,957 shares during the last quarter. Hourglass Capital LLC lifted its holdings in shares of United Parcel Service by 11.1% in the 1st quarter. Hourglass Capital LLC now owns 33,955 shares of the transportation company's stock worth $3,735,000 after acquiring an additional 3,390 shares during the last quarter. Navalign LLC bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $1,254,000. Finally, Brown Advisory Inc. lifted its holdings in shares of United Parcel Service by 1.4% in the 1st quarter. Brown Advisory Inc. now owns 87,803 shares of the transportation company's stock worth $9,657,000 after acquiring an additional 1,175 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UPS. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective for the company in a report on Thursday, July 3rd. Oppenheimer lowered their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. HSBC lowered shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a report on Thursday, May 1st. Truist Financial lowered their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Stifel Nicolaus decreased their target price on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average target price of $119.13.

United Parcel Service Stock Down 1.6%

United Parcel Service stock traded down $1.63 during mid-day trading on Friday, reaching $101.29. The stock had a trading volume of 4,337,400 shares, compared to its average volume of 5,257,434. The company has a market capitalization of $85.77 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.95 and a beta of 1.21. The company has a 50-day moving average price of $99.42 and a two-hundred day moving average price of $108.94. 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 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly 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. The company 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 6.44% and a return on equity of 40.15%. United Parcel Service's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

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.