United Parcel Service, Inc. $UPS Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 87.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 533,764 shares of the transportation company’s stock after selling 3,884,101 shares during the quarter. Pacer Advisors Inc. owned 0.06% of United Parcel Service worth $44,585,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Evelyn Partners Investment Management Europe Ltd lifted its position in 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 valued at $25,000 after buying an additional 131 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in shares of United Parcel Service in the 2nd quarter worth approximately $26,000. Saudi Central Bank purchased a new position in shares of United Parcel Service during the 1st quarter worth approximately $32,000. Flaharty Asset Management LLC acquired a new stake in United Parcel Service in the 1st quarter valued at approximately $33,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at approximately $34,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $100.54 on Friday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $136.99. The stock has a market capitalization of $85.29 billion, a PE ratio of 15.54, a PEG ratio of 2.40 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50-day simple moving average of $95.55 and a 200-day simple moving average of $92.92.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter last year, the company earned $1.76 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year. On average, analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s payout ratio is 101.39%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Citigroup increased their target price on United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Truist Financial lifted 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. Susquehanna increased their price target on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, Stephens raised shares of United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $110.09.

United Parcel Service Profile

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.