Sage Capital Advisors llc Buys 31,858 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sage Capital Advisors llc boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 79.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,158 shares of the transportation company's stock after purchasing an additional 31,858 shares during the period. United Parcel Service makes up approximately 2.1% of Sage Capital Advisors llc's holdings, making the stock its 13th largest position. Sage Capital Advisors llc's holdings in United Parcel Service were worth $7,937,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Agate Pass Investment Management LLC grew its position in shares of United Parcel Service by 93.0% during the 1st quarter. Agate Pass Investment Management LLC now owns 9,235 shares of the transportation company's stock valued at $1,016,000 after acquiring an additional 4,450 shares during the period. Versant Capital Management Inc grew its position in shares of United Parcel Service by 31.0% during the 1st quarter. Versant Capital Management Inc now owns 4,693 shares of the transportation company's stock valued at $516,000 after acquiring an additional 1,110 shares during the period. Kera Capital Partners Inc. grew its position in shares of United Parcel Service by 3.6% during the 1st quarter. Kera Capital Partners Inc. now owns 26,483 shares of the transportation company's stock valued at $2,913,000 after acquiring an additional 920 shares during the period. Marcum Wealth LLC grew its position in shares of United Parcel Service by 0.6% during the 1st quarter. Marcum Wealth LLC now owns 108,545 shares of the transportation company's stock valued at $11,939,000 after acquiring an additional 685 shares during the period. Finally, Centre Asset Management LLC grew its position in shares of United Parcel Service by 0.6% during the 1st quarter. Centre Asset Management LLC now owns 76,011 shares of the transportation company's stock valued at $8,360,000 after acquiring an additional 440 shares during the period. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

UPS has been the subject of a number of recent research reports. Bank of America boosted their price objective on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. 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 note on Thursday, April 24th. 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 note on Wednesday, April 30th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Finally, Susquehanna dropped their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. 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 given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $120.26.

United Parcel Service Price Performance

Shares of UPS traded down $0.16 during mid-day trading on Monday, hitting $97.38. 2,904,482 shares of the stock were exchanged, compared to its average volume of 6,301,310. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The firm has a 50-day moving average of $98.56 and a two-hundred day moving average of $114.98. The company has a market cap of $82.46 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate 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 for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. On average, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.74%. The ex-dividend date is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 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.