Collar Capital Management LLC Acquires 6,225 Shares of United Parcel Service, Inc. $UPS

Collar Capital Management LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 25.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,096 shares of the transportation company’s stock after purchasing an additional 6,225 shares during the period. United Parcel Service accounts for about 1.8% of Collar Capital Management LLC’s holdings, making the stock its 23rd largest holding. Collar Capital Management LLC’s holdings in United Parcel Service were worth $2,597,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Evelyn Partners Investment Management Europe Ltd lifted its stake in United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after acquiring an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in United Parcel Service in the 2nd quarter worth $26,000. Saudi Central Bank purchased a new stake in shares of United Parcel Service in the 1st quarter worth about $32,000. Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter valued at about $33,000. Finally, RMG Wealth Management LLC purchased a new position in shares of United Parcel Service during the second quarter valued at about $34,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Truist Financial lifted their price objective 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. Deutsche Bank Aktiengesellschaft dropped their price target on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. JPMorgan Chase & Co. increased their price objective on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Bank of America dropped their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. 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 equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $110.09.

United Parcel Service Stock Up 0.4%

Shares of United Parcel Service stock opened at $100.58 on Friday. The company has a 50-day simple moving average of $95.27 and a two-hundred day simple moving average of $92.91. The stock has a market capitalization of $85.33 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 2.40 and a beta of 1.11. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $136.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS 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 for the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter in the prior year, the company posted $1.76 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a $1.64 dividend. 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 (DPR) is presently 101.39%.

About United Parcel Service

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.