Marks Group Wealth Management Inc Sells 11,242 Shares of United Parcel Service, Inc. $UPS

Marks Group Wealth Management Inc decreased its holdings in United Parcel Service, Inc. (NYSE:UPSFree Report) by 71.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,387 shares of the transportation company’s stock after selling 11,242 shares during the quarter. Marks Group Wealth Management Inc’s holdings in United Parcel Service were worth $366,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in United Parcel Service in the second quarter worth about $851,842,000. Laurel Wealth Advisors LLC grew its stake in shares of United Parcel Service by 11,517.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock valued at $252,695,000 after purchasing an additional 2,481,864 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of United Parcel Service by 78.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock valued at $412,528,000 after purchasing an additional 1,799,882 shares during the period. Invesco Ltd. raised its holdings in shares of United Parcel Service by 45.4% in the 2nd quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock worth $578,467,000 after buying an additional 1,789,467 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of United Parcel Service by 94.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock worth $231,388,000 after buying an additional 1,119,372 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of analyst reports. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Wells Fargo & Company boosted their target price on shares of United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Susquehanna upped their target price on shares of United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Truist Financial lifted their price target on shares of United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, BMO Capital Markets increased their price target on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $113.67.

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United Parcel Service Stock Performance

United Parcel Service stock opened at $115.06 on Tuesday. The company has a market cap of $97.62 billion, a PE ratio of 17.54, a PEG ratio of 1.85 and a beta of 1.11. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $123.70. The company’s 50-day moving average is $108.11 and its two-hundred day moving average is $96.06.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping 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 $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the previous year, the firm posted $2.75 earnings per share. United Parcel Service’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors 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 dividend on an annualized basis and a dividend yield of 5.7%. United Parcel Service’s payout ratio is 100.00%.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction dated Wednesday, January 28th. The stock was 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 Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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