HF Advisory Group LLC Trims Position in United Parcel Service, Inc. $UPS

HF Advisory Group LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 42.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,605 shares of the transportation company’s stock after selling 11,310 shares during the period. HF Advisory Group LLC’s holdings in United Parcel Service were worth $1,548,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $215,000. Penn Davis Mcfarland Inc. raised its position in United Parcel Service by 66.9% in the fourth quarter. Penn Davis Mcfarland Inc. now owns 57,201 shares of the transportation company’s stock worth $5,674,000 after acquiring an additional 22,929 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its holdings in United Parcel Service by 48.8% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 8,667 shares of the transportation company’s stock valued at $860,000 after acquiring an additional 2,842 shares during the period. Tema Etfs LLC boosted its position in shares of United Parcel Service by 0.8% during the 4th quarter. Tema Etfs LLC now owns 12,999 shares of the transportation company’s stock worth $1,289,000 after purchasing an additional 101 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of United Parcel Service by 1.6% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,615 shares of the transportation company’s stock worth $855,000 after purchasing an additional 133 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 0.4%

UPS stock opened at $98.30 on Friday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. The company’s 50 day simple moving average is $107.33 and its 200-day simple moving average is $99.00. The firm has a market capitalization of $83.46 billion, a PE ratio of 14.98, a P/E/G ratio of 1.54 and a beta of 1.12.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.75 EPS. Equities analysts expect 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 declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UPS. UBS Group increased their price target on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Evercore upped their target price on shares of United Parcel Service from $94.00 to $113.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Oppenheimer increased their target price on shares of United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Truist Financial boosted their price target on United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average target price of $113.67.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

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.