Glovista Investments LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,700 shares of the transportation company’s stock, valued at approximately $346,000.

Other large investors have also recently bought and sold shares of the company. ING Groep NV boosted its stake in shares of United Parcel Service by 843.9% in the 4th quarter. ING Groep NV now owns 51,992 shares of the transportation company’s stock valued at $6,086,000 after purchasing an additional 46,484 shares during the last quarter. Soltis Investment Advisors LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at $499,000. B. Riley Wealth Management Inc. boosted its stake in shares of United Parcel Service by 18.6% in the 4th quarter. B. Riley Wealth Management Inc. now owns 3,118 shares of the transportation company’s stock valued at $365,000 after purchasing an additional 488 shares during the last quarter. ARP Americas LP bought a new stake in shares of United Parcel Service in the 4th quarter valued at $3,348,000. Finally, Corient Capital Partners LLC boosted its stake in shares of United Parcel Service by 3.5% in the 4th quarter. Corient Capital Partners LLC now owns 10,462 shares of the transportation company’s stock valued at $1,225,000 after purchasing an additional 356 shares during the last quarter. 54.83% of the stock is currently owned by institutional investors.

In other news, CEO Carol B. Tome acquired 10,100 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $99.33 per share, for a total transaction of $1,003,233.00. Following the completion of the transaction, the chief executive officer now owns 13,036 shares of the company’s stock, valued at $1,294,865.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is owned by company insiders.

Several brokerages recently issued reports on UPS. KeyCorp reissued a “hold” rating on shares of United Parcel Service in a research note on Monday, April 20th. Cowen dropped their price target on shares of United Parcel Service from $119.00 to $101.00 and set a “market perform” rating on the stock in a research note on Thursday, April 2nd. Goldman Sachs Group reaffirmed a “buy” rating and set a $117.00 price target on shares of United Parcel Service in a research report on Tuesday, April 28th. Standpoint Research upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Finally, Oppenheimer lowered their price target on United Parcel Service from $124.00 to $106.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $111.00.

Shares of UPS stock traded up $2.34 on Wednesday, hitting $103.51. The stock had a trading volume of 2,529,615 shares, compared to its average volume of 3,898,552. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $125.31. The business has a 50 day moving average of $96.91 and a 200 day moving average of $105.47. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $87.23 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.42 and a beta of 0.83.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.08). The company had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.17 billion. United Parcel Service had a return on equity of 152.81% and a net margin of 5.73%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 5.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th will be given a dividend of $1.01 per share. The ex-dividend date is Friday, May 22nd. This represents a $4.04 dividend on an annualized basis and a yield of 3.90%. United Parcel Service’s dividend payout ratio is presently 53.65%.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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