CW Advisors LLC Acquires 27,855 Shares of United Parcel Service, Inc. $UPS

CW Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 85.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,614 shares of the transportation company’s stock after acquiring an additional 27,855 shares during the quarter. CW Advisors LLC’s holdings in United Parcel Service were worth $6,119,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Andra AP fonden raised its holdings in United Parcel Service by 95.9% during the 2nd quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock worth $33,611,000 after purchasing an additional 163,000 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of United Parcel Service by 14.6% in the 2nd quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock valued at $9,525,000 after purchasing an additional 12,035 shares during the last quarter. Equity Investment Corp increased its position in shares of United Parcel Service by 16.8% during the second quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock worth $114,118,000 after buying an additional 162,364 shares during the period. Cowa LLC raised its stake in United Parcel Service by 329.2% during the second quarter. Cowa LLC now owns 8,785 shares of the transportation company’s stock worth $887,000 after buying an additional 6,738 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in United Parcel Service by 2.0% during the second quarter. J.W. Cole Advisors Inc. now owns 182,836 shares of the transportation company’s stock worth $18,455,000 after buying an additional 3,516 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.1%

Shares of NYSE:UPS opened at $94.88 on Friday. 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, Inc. has a 52-week low of $82.00 and a 52-week high of $136.99. The business’s 50 day simple moving average is $91.02 and its two-hundred day simple moving average is $92.62. The firm has a market cap of $80.50 billion, a P/E ratio of 14.66, a PEG ratio of 2.26 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company 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 firm earned $1.76 earnings per share. United Parcel Service’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.

Analyst Ratings Changes

UPS has been the topic of a number of research analyst reports. Citigroup upped their price target on shares of United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Susquehanna upped their target price on United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Stephens upgraded United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. BMO Capital Markets restated a “market perform” rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Finally, Truist Financial raised their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $110.00.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.