United Parcel Service, Inc. $UPS Shares Purchased by Equity Investment Corp

Equity Investment Corp increased its position in United Parcel Service, Inc. (NYSE:UPS) by 32.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,499,828 shares of the transportation company’s stock after buying an additional 369,278 shares during the quarter. United Parcel Service comprises about 2.6% of Equity Investment Corp’s investment portfolio, making the stock its 9th biggest position. Equity Investment Corp owned 0.18% of United Parcel Service worth $125,281,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Evelyn Partners Investment Management Europe Ltd increased its position in United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in United Parcel Service during the second quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in United Parcel Service during the second quarter worth approximately $34,000. RMG Wealth Management LLC acquired a new stake in shares of United Parcel Service in the second quarter worth $34,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of United Parcel Service in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a research report on Friday, January 9th. UBS Group upped their target price on United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Oppenheimer raised their target price on United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Sanford C. Bernstein increased their price objective on shares of United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Finally, Truist Financial lifted their price objective on shares of United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $113.67.

United Parcel Service Trading Up 1.5%

NYSE UPS opened at $111.94 on Wednesday. The company has a market capitalization of $94.97 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.11. 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, Inc. has a 12 month low of $82.00 and a 12 month high of $123.70. The company’s fifty day moving average price is $102.44 and its two-hundred day moving average price is $93.68.

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

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

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.