MGO One Seven LLC Acquires 5,064 Shares of United Parcel Service, Inc. $UPS

MGO One Seven LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 29.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,461 shares of the transportation company’s stock after buying an additional 5,064 shares during the quarter. MGO One Seven LLC’s holdings in United Parcel Service were worth $2,228,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UPS. Brighton Jones LLC boosted its holdings in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $277,000. SVB Wealth LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $848,000. Treasurer of the State of North Carolina boosted its holdings in shares of United Parcel Service by 2.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock valued at $34,609,000 after buying an additional 9,124 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in shares of United Parcel Service by 154.5% in the 2nd quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock valued at $10,580,000 after buying an additional 63,629 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.0%

Shares of United Parcel Service stock opened at $100.74 on Monday. The business has a fifty day simple moving average of $102.47 and a two-hundred day simple moving average of $102.21. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a market capitalization of $85.54 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.60 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the firm posted $1.49 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Research analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Truist Financial raised their price target on United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Evercore cut their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $111.87.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.