United Parcel Service, Inc. $UPS Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 12.1% during the second quarter, Holdings Channel.com reports. The firm owned 236,083 shares of the transportation company’s stock after purchasing an additional 25,451 shares during the period. Osaic Holdings Inc.’s holdings in United Parcel Service were worth $23,922,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Andra AP fonden lifted its stake in United Parcel Service by 95.9% during the 2nd quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock worth $33,611,000 after acquiring an additional 163,000 shares in the last quarter. BLVD Private Wealth LLC purchased a new stake in United Parcel Service during the second quarter worth about $1,479,000. Avantax Advisory Services Inc. increased its stake in United Parcel Service by 14.6% during the second quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock worth $9,525,000 after purchasing an additional 12,035 shares during the period. Equity Investment Corp lifted its position in shares of United Parcel Service by 16.8% during the second quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock worth $114,118,000 after purchasing an additional 162,364 shares in the last quarter. Finally, Cowa LLC boosted its stake in shares of United Parcel Service by 329.2% in the second quarter. Cowa LLC now owns 8,785 shares of the transportation company’s stock valued at $887,000 after purchasing an additional 6,738 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Up 0.9%

NYSE:UPS opened at $101.00 on Thursday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $136.99. The stock has a market cap of $85.68 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.39 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50-day simple moving average of $93.25 and a 200-day simple moving average of $92.74.

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

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UPS shares. Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Citigroup increased their price objective on United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Truist Financial boosted their target price on United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus upped their price target on United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $110.09.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.