Evergreen Capital Management LLC Grows Position in United Parcel Service, Inc. $UPS

Evergreen Capital Management LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 19.4% during the 2nd quarter, Holdings Channel reports. The fund owned 167,496 shares of the transportation company’s stock after acquiring an additional 27,262 shares during the period. Evergreen Capital Management LLC’s holdings in United Parcel Service were worth $16,907,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cornerstone Wealth Group LLC raised its stake in United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 97 shares during the last quarter. Bangor Savings Bank grew its holdings in shares of United Parcel Service by 1.9% during the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after buying an additional 101 shares in the last quarter. First Dallas Securities Inc. raised its position in shares of United Parcel Service by 0.9% in the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock valued at $1,256,000 after buying an additional 102 shares during the last quarter. Fortis Capital Advisors LLC lifted its stake in shares of United Parcel Service by 3.4% during the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after buying an additional 104 shares during the period. Finally, Wright Investors Service Inc. boosted its position in United Parcel Service by 1.3% during the second quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock worth $793,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $100.91 on Friday. The firm has a market cap of $85.61 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.41 and a beta of 1.11. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The business’s 50 day moving average is $92.40 and its two-hundred day moving average is $92.68. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $136.99.

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

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.5%. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.

Analysts Set New Price Targets

UPS has been the subject of several analyst reports. Truist Financial boosted their price target on United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Citigroup upped their target price on United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Bank of America reduced their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Finally, Susquehanna increased their price objective on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently 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.