Clearstead Advisors LLC Purchases 14,967 Shares of United Parcel Service, Inc. $UPS

Clearstead Advisors LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 85.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,484 shares of the transportation company’s stock after buying an additional 14,967 shares during the quarter. Clearstead Advisors LLC’s holdings in United Parcel Service were worth $3,222,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UPS. Pacer Advisors Inc. lifted its holdings in shares of United Parcel Service by 507.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock worth $321,796,000 after purchasing an additional 2,710,470 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of United Parcel Service in the 4th quarter worth $181,951,000. Vanguard Group Inc. lifted its holdings in shares of United Parcel Service by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock worth $6,794,160,000 after purchasing an additional 1,218,432 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of 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 worth $231,388,000 after purchasing an additional 1,119,372 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of United Parcel Service by 17.3% in the 3rd quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock worth $561,678,000 after purchasing an additional 993,461 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Oppenheimer raised their price objective on United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Truist Financial raised their price objective on United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Stephens raised their price objective on United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $102.01 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock’s fifty day simple moving average is $100.50 and its two-hundred day simple moving average is $102.90. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The stock has a market cap of $86.71 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.61 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 EPS. As a group, analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Monday, May 18th. United Parcel Service’s payout ratio is presently 106.15%.

United Parcel Service 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.