Farther Finance Advisors LLC Increases Stake in United Parcel Service, Inc. $UPS

Farther Finance Advisors LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 71.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 24,609 shares of the transportation company’s stock after acquiring an additional 10,271 shares during the period. Farther Finance Advisors LLC’s holdings in United Parcel Service were worth $2,056,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in United Parcel Service by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 66,905,138 shares of the transportation company’s stock worth $6,753,405,000 after purchasing an additional 768,912 shares during the period. State Street Corp grew its stake in shares of United Parcel Service by 1.5% during the second quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock valued at $3,106,381,000 after buying an additional 444,384 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of United Parcel Service by 3.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock worth $2,603,459,000 after buying an additional 746,667 shares during the period. Geode Capital Management LLC lifted its stake in shares of United Parcel Service by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock worth $1,675,733,000 after acquiring an additional 762,407 shares during the last quarter. Finally, Norges Bank purchased a new position in United Parcel Service during the 2nd quarter valued at $851,842,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.1%

NYSE:UPS opened at $100.54 on Friday. The firm has a 50-day simple moving average of $95.55 and a 200-day simple moving average of $92.92. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $136.99. The firm has a market cap of $85.29 billion, a P/E ratio of 15.54, a P/E/G ratio of 2.40 and a beta of 1.11. 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 released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The firm had revenue of $21.42 billion for the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm earned $1.76 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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 $1.64 dividend. This represents a $6.56 annualized dividend and a dividend 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%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. 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. Truist Financial boosted their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. upped their target price on shares of United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, UBS Group lifted their price target on shares of United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus target price of $110.09.

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.