HORAN Wealth LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,414 shares of the transportation company’s stock, valued at approximately $2,263,000.
Several other institutional investors also recently modified their holdings of UPS. Goldman Sachs Group Inc. grew its stake in shares of United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after purchasing an additional 4,988,044 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of United Parcel Service by 1,056.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after purchasing an additional 3,961,255 shares during the last quarter. Nuveen LLC bought a new stake in shares of United Parcel Service in the first quarter worth $201,358,000. Charles Schwab Investment Management Inc. grew its stake in shares of United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after purchasing an additional 1,780,807 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of United Parcel Service by 443.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock worth $156,453,000 after purchasing an additional 1,264,842 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.
United Parcel Service Price Performance
UPS stock opened at $92.92 on Thursday. The stock has a market capitalization of $78.76 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. The company’s 50-day moving average is $86.64 and its 200-day moving average is $92.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $138.67.
Insider Activity
In related news, Director Christiana Smith Shi acquired 500 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
UPS has been the topic of several analyst reports. UBS Group boosted their price objective on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Stifel Nicolaus cut their price target on shares of United Parcel Service from $120.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th. JPMorgan Chase & Co. upped their price target on shares of United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Stephens raised shares of United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Finally, Truist Financial upped their price target on shares of United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $110.00.
Check Out Our Latest Report on UPS
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.
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