IQ EQ FUND MANAGEMENT IRELAND Ltd Boosts Position in United Parcel Service, Inc. $UPS

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 22.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,646 shares of the transportation company’s stock after purchasing an additional 19,660 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in United Parcel Service were worth $8,908,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of UPS. Brighton Jones LLC lifted its position in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in United Parcel Service during the second quarter worth approximately $277,000. Belpointe Asset Management LLC lifted its stake in United Parcel Service by 6.7% in the second quarter. Belpointe Asset Management LLC now owns 7,654 shares of the transportation company’s stock valued at $773,000 after buying an additional 483 shares during the last quarter. REAP Financial Group LLC grew its position in shares of United Parcel Service by 35.7% during the second quarter. REAP Financial Group LLC now owns 483 shares of the transportation company’s stock worth $49,000 after acquiring an additional 127 shares during the last quarter. Finally, Valmark Advisers Inc. increased its holdings in shares of United Parcel Service by 3.7% in the 2nd quarter. Valmark Advisers Inc. now owns 4,543 shares of the transportation company’s stock valued at $459,000 after acquiring an additional 160 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.2%

Shares of United Parcel Service stock opened at $116.50 on Friday. The company has a 50-day moving average of $103.28 and a two-hundred day moving average of $94.00. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $123.70. The company has a current ratio of 1.22, a quick ratio of 1.30 and a debt-to-equity ratio of 1.45. The stock has a market cap of $98.83 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.75 EPS. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be given a $1.64 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 5.6%. United Parcel Service’s payout ratio is currently 100.00%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Hsbc Global Res upgraded shares of United Parcel Service from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Stephens lifted their price objective on United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $113.67.

United Parcel Service Company 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.