AGF Management Ltd. Acquires 6,353 Shares of United Parcel Service, Inc. $UPS

AGF Management Ltd. grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 20.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,645 shares of the transportation company’s stock after purchasing an additional 6,353 shares during the period. AGF Management Ltd.’s holdings in United Parcel Service were worth $3,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of United Parcel Service during the 2nd quarter valued at $851,842,000. Laurel Wealth Advisors LLC raised its stake in United Parcel Service by 11,517.3% in the second quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock valued at $252,695,000 after purchasing an additional 2,481,864 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in United Parcel Service by 78.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock worth $412,528,000 after purchasing an additional 1,799,882 shares during the period. Invesco Ltd. grew its stake in United Parcel Service by 45.4% during the second quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock worth $578,467,000 after buying an additional 1,789,467 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in United Parcel Service by 94.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock valued at $231,388,000 after buying an additional 1,119,372 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 4.4%

Shares of United Parcel Service stock opened at $116.76 on Thursday. The stock’s 50-day moving average is $102.86 and its 200 day moving average is $93.84. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $123.70. The firm has a market cap of $99.06 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.77 and a beta of 1.11. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.30.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.18. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.75 earnings per share. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, February 17th. United Parcel Service’s payout ratio is 100.00%.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several analyst reports. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their price target on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. TD Cowen upped their price objective on shares of United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Truist Financial boosted their price objective on United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Hsbc Global Res raised shares of United Parcel Service from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned 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 a consensus price target of $113.67.

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.