VestGen Advisors LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 48.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,217 shares of the transportation company’s stock after buying an additional 24,804 shares during the quarter. VestGen Advisors LLC’s holdings in United Parcel Service were worth $7,312,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd lifted its stake in shares of United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after acquiring an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in United Parcel Service during the 2nd quarter worth approximately $26,000. Hemington Wealth Management lifted its position in shares of United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares during the period. Saudi Central Bank acquired a new position in shares of United Parcel Service in the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service in the 1st quarter valued at $33,000. Institutional investors own 60.26% of the company’s stock.
United Parcel Service Stock Performance
NYSE UPS opened at $95.46 on Friday. The company has a market cap of $80.98 billion, a P/E ratio of 14.75, a PEG ratio of 2.29 and a beta of 1.11. The company has a fifty day simple moving average of $89.83 and a 200 day simple moving average of $92.72. The company has a current ratio of 1.30, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $136.99.
United Parcel Service Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be paid a dividend of $1.64 per share. The ex-dividend date is Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.9%. United Parcel Service’s payout ratio is 101.39%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on UPS. Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Citigroup increased their price target on United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Wells Fargo & Company boosted their price objective on United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Truist Financial upped their target price on United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and an average price target of $110.00.
Read Our Latest Stock Analysis on United Parcel Service
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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