United Parcel Service, Inc. $UPS Shares Purchased by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 66.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,201 shares of the transportation company’s stock after acquiring an additional 22,929 shares during the period. Penn Davis Mcfarland Inc.’s holdings in United Parcel Service were worth $5,674,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in UPS. BLVD Private Wealth LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter worth about $1,479,000. Strategic Planning Inc. bought a new stake in shares of United Parcel Service during the 3rd quarter worth about $3,885,000. Victory Capital Management Inc. lifted its stake in shares of United Parcel Service by 10.5% in 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. World Investment Advisors boosted its holdings in shares of United Parcel Service by 260.4% in the third quarter. World Investment Advisors now owns 78,577 shares of the transportation company’s stock valued at $6,564,000 after acquiring an additional 56,772 shares in the last quarter. Finally, Addenda Capital Inc. boosted its holdings in shares of United Parcel Service by 28.0% in the third quarter. Addenda Capital Inc. now owns 88,067 shares of the transportation company’s stock valued at $7,356,000 after acquiring an additional 19,289 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 0.5%

Shares of NYSE UPS opened at $97.90 on Thursday. The business has a 50-day moving average price of $107.55 and a two-hundred day moving average price of $99.00. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The firm has a market capitalization of $83.12 billion, a PE ratio of 14.92, a PEG ratio of 1.55 and a beta of 1.12. 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 (NYSE:UPS) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the business earned $2.75 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Tuesday, February 17th. United Parcel Service’s payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Evercore lifted their target price on United Parcel Service from $94.00 to $113.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 6th. TD Cowen increased their price target on United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price target on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, UBS Group boosted their price objective on United Parcel Service from $116.00 to $125.00 and gave the stock 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 assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.67.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.