Fortis Group Advisors LLC Boosts Position in United Parcel Service, Inc. $UPS

Fortis Group Advisors LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6,694.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,985 shares of the transportation company’s stock after buying an additional 16,735 shares during the period. Fortis Group Advisors LLC’s holdings in United Parcel Service were worth $1,419,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its position in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares during the period. Sivia Capital Partners LLC purchased a new position in United Parcel Service in the 2nd quarter worth approximately $277,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in United Parcel Service in the 2nd quarter worth approximately $9,509,000. Chicago Partners Investment Group LLC grew its position in United Parcel Service by 58.4% in the second quarter. Chicago Partners Investment Group LLC now owns 7,311 shares of the transportation company’s stock valued at $757,000 after acquiring an additional 2,695 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of United Parcel Service by 20.1% during the second quarter. Stephens Inc. AR now owns 90,368 shares of the transportation company’s stock valued at $9,122,000 after purchasing an additional 15,135 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Down 3.2%

Shares of United Parcel Service stock opened at $115.46 on Wednesday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $123.70. The company has a market capitalization of $97.95 billion, a P/E ratio of 17.60, a PEG ratio of 1.89 and a beta of 1.11. The business’s fifty day moving average price is $106.87 and its two-hundred day moving average price is $95.23. 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 issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The business had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 earnings per share. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be issued a dividend of $1.64 per share. 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 payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UPS shares. Truist Financial upped 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 report on Wednesday, January 28th. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Stifel Nicolaus raised their target price on shares of United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. TD Cowen upped their target price on United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Finally, Wells Fargo & Company increased their price target on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $113.67.

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.