Confluence Investment Management LLC Raises Stake in United Parcel Service, Inc. $UPS

Confluence Investment Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.5% during the 3rd quarter, Holdings Channel reports. The fund owned 681,643 shares of the transportation company’s stock after buying an additional 9,872 shares during the quarter. Confluence Investment Management LLC’s holdings in United Parcel Service were worth $56,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of UPS. Cornerstone Wealth Group LLC raised its stake in United Parcel Service by 3.9% during the second quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after purchasing an additional 97 shares during the period. Bangor Savings Bank grew its stake in shares of United Parcel Service by 1.9% in the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after buying an additional 101 shares during the period. First Dallas Securities Inc. increased its holdings in shares of United Parcel Service by 0.9% during the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after buying an additional 102 shares during the last quarter. Fortis Capital Advisors LLC raised its position in shares of United Parcel Service by 3.4% during the 1st 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. lifted its holdings in United Parcel Service by 1.3% in the second quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $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.

Analyst Upgrades and Downgrades

A number of research firms have commented on UPS. Truist Financial lifted their target price on United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Stifel Nicolaus boosted their price objective on shares of United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Bank of America lowered their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average target price of $110.09.

United Parcel Service Stock Down 1.2%

Shares of NYSE:UPS opened at $100.67 on Tuesday. The firm has a market capitalization of $85.41 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $136.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The firm’s 50-day moving average is $94.31 and its two-hundred day moving average is $92.79.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating 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 firm had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter in the previous year, the business posted $1.76 earnings per share. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.5%. United Parcel Service’s dividend payout ratio is currently 101.39%.

United Parcel Service Company 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.