GeoWealth Management LLC Has $382,000 Position in United Parcel Service, Inc. (NYSE:UPS)

GeoWealth Management LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 22.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,026 shares of the transportation company’s stock after purchasing an additional 554 shares during the period. GeoWealth Management LLC’s holdings in United Parcel Service were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Diamant Asset Management Inc. raised its stake in United Parcel Service by 2.8% during the 3rd quarter. Diamant Asset Management Inc. now owns 4,060 shares of the transportation company’s stock valued at $554,000 after purchasing an additional 110 shares during the last quarter. Te Ahumairangi Investment Management Ltd raised its position in shares of United Parcel Service by 12.2% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 17,236 shares of the transportation company’s stock valued at $2,337,000 after buying an additional 1,880 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new stake in shares of United Parcel Service in the third quarter valued at about $1,021,000. Pine Valley Investments Ltd Liability Co grew its position in United Parcel Service by 25.9% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 26,457 shares of the transportation company’s stock worth $3,607,000 after buying an additional 5,444 shares in the last quarter. Finally, World Investment Advisors LLC increased its stake in United Parcel Service by 79.6% during the third quarter. World Investment Advisors LLC now owns 17,675 shares of the transportation company’s stock valued at $2,410,000 after acquiring an additional 7,836 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.2 %

UPS stock opened at $96.27 on Tuesday. The business has a fifty day moving average of $110.04 and a 200-day moving average of $122.36. The company has a market cap of $82.23 billion, a P/E ratio of 14.24, a PEG ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $153.42. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 period last year, the firm posted $2.47 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 6.81%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UPS. UBS Group reduced their price objective on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Wolfe Research reduced their target price on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $160.00 to $130.00 in a report on Friday, January 31st. Morgan Stanley reduced their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Finally, Truist Financial assumed coverage on shares of United Parcel Service in a research report on Thursday, March 13th. They set a “buy” rating and a $140.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $129.70.

About United Parcel Service

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.