ProShare Advisors LLC Buys 12,771 Shares of United Parcel Service, Inc. (NYSE:UPS)

ProShare Advisors LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 13.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 106,207 shares of the transportation company's stock after purchasing an additional 12,771 shares during the period. ProShare Advisors LLC's holdings in United Parcel Service were worth $13,393,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacific Sage Partners LLC increased its holdings in United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock worth $212,000 after purchasing an additional 77 shares in the last quarter. Quent Capital LLC grew its holdings in shares of United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock valued at $70,000 after acquiring an additional 80 shares in the last quarter. Altus Wealth Group LLC grew its holdings in shares of United Parcel Service by 4.6% in the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock valued at $255,000 after acquiring an additional 89 shares in the last quarter. Empirical Asset Management LLC grew its holdings in shares of United Parcel Service by 0.8% in the fourth quarter. Empirical Asset Management LLC now owns 12,036 shares of the transportation company's stock valued at $1,518,000 after acquiring an additional 93 shares in the last quarter. Finally, Alliance Wealth Advisors LLC grew its holdings in shares of United Parcel Service by 3.8% in the fourth quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company's stock valued at $323,000 after acquiring an additional 94 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

United Parcel Service stock opened at $101.20 on Friday. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $149.71. The business has a fifty day moving average price of $102.36 and a 200-day moving average price of $117.72. 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 firm has a market capitalization of $86.44 billion, a P/E ratio of 14.97, a PEG ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the company earned $1.43 earnings per share. The business's revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analysts Set New Price Targets

Several research firms have recently issued reports on UPS. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Galvan Research lowered their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Baird R W lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Truist Financial reduced their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus 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.

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