United Parcel Service, Inc. (NYSE:UPS) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in United Parcel Service, Inc. (NYSE:UPS) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,277 shares of the transportation company’s stock after acquiring an additional 18,574 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in United Parcel Service were worth $17,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. Focus Partners Advisor Solutions LLC boosted its holdings in United Parcel Service by 73.5% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 15,753 shares of the transportation company’s stock valued at $1,987,000 after purchasing an additional 6,676 shares in the last quarter. First Heartland Consultants Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $210,000. Kolinsky Wealth Management LLC boosted its stake in shares of United Parcel Service by 13.3% in the fourth quarter. Kolinsky Wealth Management LLC now owns 3,288 shares of the transportation company’s stock valued at $415,000 after buying an additional 387 shares in the last quarter. PharVision Advisers LLC acquired a new position in United Parcel Service during the fourth quarter worth $204,000. Finally, White Knight Strategic Wealth Advisors LLC raised its position in United Parcel Service by 100.6% in the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 9,494 shares of the transportation company’s stock worth $1,197,000 after acquiring an additional 4,762 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $95.93 on Thursday. The company has a market cap of $81.94 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.55 and a beta of 1.23. The business has a fifty day simple moving average of $101.26 and a 200-day simple moving average of $116.97. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. 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 posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.84%. The ex-dividend date is Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is 95.63%.

Analyst Ratings Changes

Several equities research analysts have commented on UPS shares. Morgan Stanley decreased their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. UBS Group lowered their target price on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Evercore ISI lifted their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. StockNews.com lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Finally, Truist Financial dropped their price objective on United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $120.26.

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.