Nwam LLC Buys 51,562 Shares of United Parcel Service, Inc. $UPS

Nwam LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 86.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,122 shares of the transportation company’s stock after purchasing an additional 51,562 shares during the quarter. Nwam LLC’s holdings in United Parcel Service were worth $11,878,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Coston McIsaac & Partners raised its holdings in United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Torren Management LLC bought a new position in United Parcel Service in the 4th quarter worth $29,000. Physician Wealth Advisors Inc. raised its holdings in United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after purchasing an additional 163 shares in the last quarter. Avion Wealth raised its holdings in United Parcel Service by 284.1% in the 3rd 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. Finally, Winch Advisory Services LLC raised its holdings in United Parcel Service by 37.3% in the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after purchasing an additional 124 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on UPS shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Citigroup upped their target price on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. BMO Capital Markets upped 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 research report on Wednesday, January 28th. Truist Financial upped their target price on shares of United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Evercore reduced their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $111.87.

United Parcel Service Stock Up 0.6%

NYSE:UPS opened at $100.74 on Friday. The firm’s 50-day moving average price is $102.47 and its 200-day moving average price is $102.21. The company has a market capitalization of $85.54 billion, a PE ratio of 16.30, a P/E/G ratio of 1.60 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.22. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Monday, May 18th. United Parcel Service’s dividend payout ratio is 106.15%.

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.