Public Sector Pension Investment Board Has $5.37 Million Stock Position in United Parcel Service, Inc. $UPS

Public Sector Pension Investment Board grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 64,290 shares of the transportation company’s stock after acquiring an additional 8,482 shares during the period. Public Sector Pension Investment Board’s holdings in United Parcel Service were worth $5,370,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Wedbush Securities Inc. grew its position in shares of United Parcel Service by 11.3% in the 3rd quarter. Wedbush Securities Inc. now owns 20,193 shares of the transportation company’s stock valued at $1,687,000 after buying an additional 2,044 shares during the last quarter. Varma Mutual Pension Insurance Co lifted its stake in shares of United Parcel Service by 9.0% in the third quarter. Varma Mutual Pension Insurance Co now owns 112,970 shares of the transportation company’s stock worth $9,436,000 after acquiring an additional 9,300 shares during the period. Savvy Advisors Inc. lifted its stake in shares of United Parcel Service by 2.2% in the third quarter. Savvy Advisors Inc. now owns 9,979 shares of the transportation company’s stock worth $834,000 after acquiring an additional 216 shares during the period. Onyx Bridge Wealth Group LLC boosted its holdings in United Parcel Service by 167.1% in the third quarter. Onyx Bridge Wealth Group LLC now owns 7,909 shares of the transportation company’s stock valued at $661,000 after acquiring an additional 4,948 shares during the last quarter. Finally, Skylands Capital LLC increased its position in United Parcel Service by 2.3% during the 3rd quarter. Skylands Capital LLC now owns 49,540 shares of the transportation company’s stock valued at $4,138,000 after purchasing an additional 1,095 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $115.58 on Friday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $123.70. The company has a market cap of $98.06 billion, a PE ratio of 17.62, a P/E/G ratio of 1.84 and a beta of 1.11. The stock has a 50-day moving average of $107.50 and a 200-day moving average of $95.51. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.30.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The business had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the company earned $2.75 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared 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 of this dividend is Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 5.7%. United Parcel Service’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UPS. BMO Capital Markets upped their price objective on shares of United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Truist Financial boosted their target price on shares of United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Susquehanna lifted their price objective on United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Finally, Stephens upped their target price on United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $113.67.

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 on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

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.