BLVD Private Wealth LLC Buys Shares of 14,656 United Parcel Service, Inc. $UPS

BLVD Private Wealth LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 14,656 shares of the transportation company’s stock, valued at approximately $1,479,000. United Parcel Service makes up about 1.4% of BLVD Private Wealth LLC’s portfolio, making the stock its 20th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. B. Riley Wealth Advisors Inc. acquired a new position in United Parcel Service during the 2nd quarter worth $1,188,000. Advisory Services Network LLC grew its stake in United Parcel Service by 2.6% in the second quarter. Advisory Services Network LLC now owns 50,106 shares of the transportation company’s stock worth $5,058,000 after purchasing an additional 1,264 shares in the last quarter. State of Wyoming grew its stake in United Parcel Service by 688.9% in the second quarter. State of Wyoming now owns 4,402 shares of the transportation company’s stock worth $444,000 after purchasing an additional 3,844 shares in the last quarter. Asset Dedication LLC increased its holdings in United Parcel Service by 199.3% in the second quarter. Asset Dedication LLC now owns 2,514 shares of the transportation company’s stock valued at $254,000 after buying an additional 1,674 shares during the last quarter. Finally, Hudson Bay Capital Management LP raised its stake in United Parcel Service by 117.2% during the second quarter. Hudson Bay Capital Management LP now owns 17,063 shares of the transportation company’s stock valued at $1,722,000 after buying an additional 9,208 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.4%

Shares of NYSE:UPS opened at $100.91 on Friday. The company has a 50 day moving average of $92.40 and a 200-day moving average of $92.68. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. The firm has a market cap of $85.61 billion, a P/E ratio of 15.60, a P/E/G ratio of 2.41 and a beta of 1.11. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $136.99.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.31 by $0.43. The firm had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.76 earnings per share. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s payout ratio is presently 101.39%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Truist Financial lifted their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Stephens raised shares of United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. UBS Group raised their price target on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $110.00.

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.