Ashton Thomas Private Wealth LLC Buys 123,648 Shares of United Parcel Service, Inc. $UPS

Ashton Thomas Private Wealth LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 664.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,268 shares of the transportation company’s stock after purchasing an additional 123,648 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in United Parcel Service were worth $11,884,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of UPS. Marco Investment Management LLC grew its stake in United Parcel Service by 0.8% in the 3rd quarter. Marco Investment Management LLC now owns 115,258 shares of the transportation company’s stock valued at $9,628,000 after buying an additional 898 shares during the last quarter. Strengthening Families & Communities LLC boosted its holdings in shares of United Parcel Service by 2,045.8% during the third quarter. Strengthening Families & Communities LLC now owns 16,244 shares of the transportation company’s stock worth $1,388,000 after acquiring an additional 15,487 shares during the period. Physician Wealth Advisors Inc. grew its position in shares of United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 163 shares during the last quarter. Delta Asset Management LLC TN grew its position in shares of United Parcel Service by 4.6% in the third quarter. Delta Asset Management LLC TN now owns 186,779 shares of the transportation company’s stock valued at $15,602,000 after purchasing an additional 8,291 shares during the last quarter. Finally, Simmons Bank increased its stake in shares of United Parcel Service by 7.8% during the third quarter. Simmons Bank now owns 3,228 shares of the transportation company’s stock worth $270,000 after purchasing an additional 234 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Citigroup lowered their price target on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Bank of America upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective for the company in a research note on Friday, January 9th. Truist Financial increased their target price on shares of United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, BNP Paribas Exane cut shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price on the stock. in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average target price of $113.67.

United Parcel Service Stock Up 1.5%

NYSE UPS opened at $111.94 on Wednesday. The business has a fifty day moving average price of $102.44 and a two-hundred day moving average price of $93.68. 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 fifty-two week low of $82.00 and a fifty-two week high of $123.70. The stock has a market capitalization of $94.97 billion, a PE ratio of 17.06, a PEG ratio of 1.73 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter last year, the company posted $2.75 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be paid 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 5.9%. United Parcel Service’s payout ratio is presently 100.00%.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.