Odyssean LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 109.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,656 shares of the transportation company’s stock after buying an additional 6,102 shares during the quarter. Odyssean LLC’s holdings in United Parcel Service were worth $1,253,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. purchased a new position in shares of United Parcel Service during the fourth quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in United Parcel Service in the 4th quarter valued at $25,000. Coston McIsaac & Partners boosted its stake in United Parcel Service by 77.8% during 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 during the period. Kemnay Advisory Services Inc. acquired a new stake in United Parcel Service during the 4th quarter worth $29,000. Finally, Legacy Wealth Managment LLC ID grew its position in United Parcel Service by 48.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock worth $30,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Stock Performance
Shares of UPS opened at $102.30 on Friday. The stock has a market capitalization of $87.03 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.85 and a beta of 1.06. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.18 and a current ratio of 1.18. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company’s fifty day moving average is $107.78 and its two-hundred day moving average is $105.49.
United Parcel Service Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were given a $1.64 dividend. The ex-dividend date was Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.4%. United Parcel Service’s dividend payout ratio (DPR) is presently 121.93%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on UPS shares. Susquehanna lifted their price objective on shares of United Parcel Service from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Oppenheimer increased their target price on shares of United Parcel Service from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein raised their price target on United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. BMO Capital Markets boosted their price target on United Parcel Service from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. 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 one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $117.41.
Check Out Our Latest Stock Report on United Parcel Service
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.
Further Reading
- Five stocks we like better than United Parcel Service
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS – Free Report).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.
