Marks Group Wealth Management Inc Sells 11,242 Shares of United Parcel Service, Inc. $UPS

Marks Group Wealth Management Inc trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 71.9% during the third quarter, HoldingsChannel reports. The firm owned 4,387 shares of the transportation company’s stock after selling 11,242 shares during the quarter. Marks Group Wealth Management Inc’s holdings in United Parcel Service were worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. acquired a new stake in United Parcel Service during the 3rd quarter worth $518,000. Alliance Wealth Advisors LLC UT boosted its stake in United Parcel Service by 29.6% in the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 5,103 shares of the transportation company’s stock worth $426,000 after purchasing an additional 1,167 shares during the period. Inspire Trust Co. N.A. boosted its position in shares of United Parcel Service by 11.1% during the third quarter. Inspire Trust Co. N.A. now owns 40,000 shares of the transportation company’s stock worth $3,341,000 after buying an additional 4,000 shares during the period. Lansforsakringar Fondforvaltning AB publ grew its stake in shares of United Parcel Service by 3.8% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 231,784 shares of the transportation company’s stock worth $19,361,000 after acquiring an additional 8,501 shares in the last quarter. Finally, Siligmueller & Norvid Wealth Advisors LLC bought a new position in United Parcel Service in the third quarter valued at $225,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $115.06 on Tuesday. The company’s 50-day moving average is $108.11 and its 200-day moving average is $96.06. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $97.62 billion, a PE ratio of 17.54, a PEG ratio of 1.85 and a beta of 1.11. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $123.70.

United Parcel Service (NYSE:UPSGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The business had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. United Parcel Service’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.75 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $1.64 per share. The ex-dividend date is Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.7%. United Parcel Service’s dividend payout ratio (DPR) is 100.00%.

Trending Headlines about United Parcel Service

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Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their price target on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Stifel Nicolaus increased their price objective on United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Truist Financial raised their target price on shares of United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, BMO Capital Markets boosted their target price on shares of United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus target price of $113.67.

Check Out Our Latest Analysis on UPS

About United Parcel Service

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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