Laurel Wealth Advisors LLC Sells 2,477,743 Shares of United Parcel Service, Inc. $UPS

Laurel Wealth Advisors LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 99.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,670 shares of the transportation company’s stock after selling 2,477,743 shares during the period. Laurel Wealth Advisors LLC’s holdings in United Parcel Service were worth $2,144,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UPS. Evelyn Partners Investment Management Europe Ltd boosted its stake in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after buying an additional 131 shares during the period. Salzhauer Michael purchased a new stake in shares of United Parcel Service in the 3rd quarter valued at about $31,000. Physician Wealth Advisors Inc. boosted its position in shares of United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 163 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of United Parcel Service during the second quarter worth about $34,000. Finally, Avion Wealth grew its holdings in shares of United Parcel Service by 284.1% during the third quarter. Avion Wealth now owns 434 shares of the transportation company’s stock worth $36,000 after purchasing an additional 321 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UPS shares. BNP Paribas Exane downgraded shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price on the stock. in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. Stifel Nicolaus upped their target price on shares of United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Truist Financial increased their target price on 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, Evercore lifted their price target on United Parcel Service from $94.00 to $113.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $113.67.

Check Out Our Latest Analysis on United Parcel Service

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $115.85 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. The stock has a market cap of $98.28 billion, a PE ratio of 17.66, a PEG ratio of 1.83 and a beta of 1.11. The company’s fifty day moving average is $109.25 and its 200 day moving average is $96.86. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $123.70.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.18. The business had revenue of $24.48 billion during 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%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.75 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, February 17th. United Parcel Service’s payout ratio is 100.00%.

Key United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

United Parcel Service Profile

(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.

Further Reading

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

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