Avantax Planning Partners Inc. Has $4.67 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Avantax Planning Partners Inc. grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,455 shares of the transportation company’s stock after acquiring an additional 3,456 shares during the period. Avantax Planning Partners Inc.’s holdings in United Parcel Service were worth $4,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. Altus Wealth Group LLC grew its position in United Parcel Service by 4.6% during the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after buying an additional 89 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock valued at $911,000 after acquiring an additional 98 shares during the period. Juncture Wealth Strategies LLC lifted its position in shares of United Parcel Service by 2.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock valued at $454,000 after acquiring an additional 101 shares during the period. TCV Trust & Wealth Management Inc. grew its holdings in shares of United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock worth $830,000 after purchasing an additional 103 shares in the last quarter. Finally, Cohen & Steers Inc. increased its position in shares of United Parcel Service by 5.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company’s stock worth $259,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $104.24 on Friday. The company has a market capitalization of $88.27 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.86 and a beta of 1.21. The business has a fifty day simple moving average of $98.70 and a two-hundred day simple moving average of $110.00. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $1.43 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.29%. United Parcel Service’s dividend payout ratio (DPR) is currently 95.63%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Truist Financial dropped their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Oppenheimer decreased their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Thursday. Galvan Research reduced their target price on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Loop Capital decreased their price target on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $119.29.

United Parcel Service Company 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.