Exchange Traded Concepts LLC Grows Holdings in United Parcel Service, Inc. $UPS

Exchange Traded Concepts LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3,510.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 43,075 shares of the transportation company’s stock after purchasing an additional 41,882 shares during the period. Exchange Traded Concepts LLC’s holdings in United Parcel Service were worth $3,598,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its stake in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of United Parcel Service by 16.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 59,102 shares of the transportation company’s stock valued at $6,501,000 after purchasing an additional 8,227 shares during the period. APG Asset Management N.V. raised its stake in shares of United Parcel Service by 42.1% during the first quarter. APG Asset Management N.V. now owns 60,531 shares of the transportation company’s stock worth $6,163,000 after purchasing an additional 17,931 shares during the last quarter. Jump Financial LLC raised its stake in shares of United Parcel Service by 253.2% during the first quarter. Jump Financial LLC now owns 25,339 shares of the transportation company’s stock worth $2,787,000 after purchasing an additional 18,165 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of United Parcel Service during the first quarter worth $590,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UPS has been the topic of several recent research reports. Susquehanna boosted their price objective on shares of United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. BMO Capital Markets reiterated a “market perform” rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Stifel Nicolaus increased their price target on shares of United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Finally, Truist Financial upped their price target on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $110.09.

United Parcel Service Stock Performance

NYSE:UPS opened at $100.58 on Thursday. 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 company has a market capitalization of $85.33 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. The firm has a 50-day moving average price of $94.97 and a two-hundred day moving average price of $92.86. 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 released its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $20.94 billion. During the same period in the prior year, the business earned $1.76 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share 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. Shareholders 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 yield of 6.5%. United Parcel Service’s dividend payout ratio (DPR) is presently 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.