Tred Avon Family Wealth LLC Buys Shares of 7,504 United Parcel Service, Inc. $UPS

Tred Avon Family Wealth LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,504 shares of the transportation company’s stock, valued at approximately $627,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UPS. Andra AP fonden boosted its position in shares of United Parcel Service by 95.9% in the second quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock worth $33,611,000 after purchasing an additional 163,000 shares during the period. BLVD Private Wealth LLC purchased a new position in shares of United Parcel Service during the 2nd quarter valued at $1,479,000. Strategic Planning Inc. purchased a new position in shares of United Parcel Service during the 3rd quarter valued at $3,885,000. Avantax Advisory Services Inc. boosted its holdings in United Parcel Service by 14.6% in the 2nd quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock worth $9,525,000 after buying an additional 12,035 shares during the period. Finally, Equity Investment Corp lifted its position in shares of United Parcel Service by 16.8% in the second quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock valued at $114,118,000 after acquiring an additional 162,364 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS stock opened at $106.89 on Monday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $99.20 and a two-hundred day simple moving average of $93.15. The firm has a market capitalization of $90.68 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11.

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

United Parcel Service Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.1%. United Parcel Service’s payout ratio is currently 101.39%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group increased their target price on United Parcel Service from $113.00 to $116.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Truist Financial increased their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of United Parcel Service from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Wolfe Research restated a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. Finally, BNP Paribas downgraded shares of United Parcel Service from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $111.42.

About United Parcel Service

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.