Ameritas Advisory Services LLC Grows Position in United Parcel Service, Inc. $UPS

Ameritas Advisory Services LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 696.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 64,947 shares of the transportation company’s stock after buying an additional 56,788 shares during the quarter. Ameritas Advisory Services LLC’s holdings in United Parcel Service were worth $6,442,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UPS. Shrier Wealth Management LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $1,099,000. Victory Capital Management Inc. grew its holdings in shares of United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after acquiring an additional 761,217 shares during the period. Jaffetilchin Investment Partners LLC grew its holdings in shares of United Parcel Service by 192.7% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock worth $1,957,000 after acquiring an additional 12,993 shares during the period. Integrity Advisory Solutions LLC purchased a new position in shares of United Parcel Service during the 3rd quarter worth approximately $6,868,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of United Parcel Service by 5.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,470,790 shares of the transportation company’s stock worth $122,855,000 after acquiring an additional 71,764 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Stephens upped their target price on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upped their target price on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Truist Financial upped their target price on United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Oppenheimer upped their price target on United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group upped their price target on United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $111.87.

United Parcel Service Stock Performance

United Parcel Service stock opened at $98.48 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $83.62 billion, a P/E ratio of 15.93, a PEG ratio of 1.59 and a beta of 1.06. The stock’s 50 day moving average is $101.53 and its 200 day moving average is $102.48. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be given a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 6.7%. United Parcel Service’s dividend payout ratio is 106.15%.

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.