AssuredPartners Investment Advisors LLC Purchases New Stake in United Parcel Service, Inc. (NYSE:UPS)

AssuredPartners Investment Advisors LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,982 shares of the transportation company’s stock, valued at approximately $754,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its position in United Parcel Service by 5.0% during the 3rd quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company’s stock valued at $16,916,000 after purchasing an additional 5,956 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of United Parcel Service by 3.1% during the third quarter. The Manufacturers Life Insurance Company now owns 586,735 shares of the transportation company’s stock valued at $79,995,000 after acquiring an additional 17,378 shares during the period. Townsquare Capital LLC grew its position in shares of United Parcel Service by 7.0% during the third quarter. Townsquare Capital LLC now owns 82,858 shares of the transportation company’s stock worth $11,297,000 after acquiring an additional 5,444 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of United Parcel Service by 23.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 14,532 shares of the transportation company’s stock worth $1,981,000 after acquiring an additional 2,720 shares during the period. Finally, Providence Capital Advisors LLC lifted its position in United Parcel Service by 27.7% in the 3rd quarter. Providence Capital Advisors LLC now owns 25,795 shares of the transportation company’s stock valued at $3,517,000 after purchasing an additional 5,597 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $111.05 on Friday. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $154.29. The company has a 50-day moving average of $118.92 and a two-hundred day moving average of $126.58. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market cap of $94.85 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the business posted $2.47 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is currently 97.04%.

Analyst Ratings Changes

UPS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 target price for the company. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Truist Financial initiated coverage on shares of United Parcel Service in a research note on Thursday, March 13th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on shares of United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus price target of $137.57.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.