United Parcel Service, Inc. $UPS Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 31.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,616 shares of the transportation company’s stock after purchasing an additional 13,733 shares during the quarter. Vise Technologies Inc.’s holdings in United Parcel Service were worth $5,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Markowski Investments acquired a new stake in shares of United Parcel Service during the second quarter worth $30,000. Allied Private Wealth LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its holdings in United Parcel Service by 48.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock worth $30,000 after buying an additional 101 shares during the last quarter. Community Financial Services Group LLC raised its holdings in shares of United Parcel Service by 170.1% in the 2nd quarter. Community Financial Services Group LLC now owns 370 shares of the transportation company’s stock worth $41,000 after acquiring an additional 233 shares during the last quarter. Finally, Grove Bank & Trust raised its stake in shares of United Parcel Service by 49.8% in the second quarter. Grove Bank & Trust now owns 379 shares of the transportation company’s stock worth $41,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In related news, insider Matthew Guffey sold 8,318 shares of the stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $105.39, for a total value of $876,634.02. Following the completion of the transaction, the insider directly owned 271 shares of the company’s stock, valued at $28,560.69. This represents a 96.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Truist Financial raised their price target on shares of United Parcel Service from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. BNP Paribas Exane dropped their price target on United Parcel Service from $90.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 30th. Evercore lifted their price objective on shares of United Parcel Service from $117.00 to $118.00 in a research note on Wednesday, July 29th. TD Cowen lifted their target price on United Parcel Service from $115.00 to $116.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. Finally, Citizens Jmp began coverage on shares of United Parcel Service in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $118.45.

United Parcel Service Stock Up 1.3%

UPS opened at $109.65 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. United Parcel Service, Inc. has a 12 month low of $90.84 and a 12 month high of $122.41. The business’s 50-day moving average price is $99.34 and its 200-day moving average price is $104.65. The company has a market cap of $93.29 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.89 and a beta of 1.07.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 27th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. The firm had revenue of $22.90 billion for the quarter, compared to analysts’ expectations of $22.27 billion. United Parcel Service had a net margin of 4.84% and a return on equity of 37.78%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 earnings per share. On average, equities analysts expect that United Parcel Service, Inc. will post 7.28 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Monday, August 17th. United Parcel Service’s dividend payout ratio is currently 126.15%.

United Parcel Service Company Profile

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.