Keudell Morrison Wealth Management Acquires Shares of 5,386 United Parcel Service, Inc. $UPS

Keudell Morrison Wealth Management acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,386 shares of the transportation company’s stock, valued at approximately $534,000.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in United Parcel Service by 507.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock valued at $321,796,000 after purchasing an additional 2,710,470 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at $181,951,000. Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after purchasing an additional 1,218,432 shares during the last quarter. AQR Capital Management LLC raised its position in shares of United Parcel Service by 94.8% in the second quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock valued at $231,388,000 after purchasing an additional 1,119,372 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of United Parcel Service by 17.3% during the 3rd quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock worth $561,678,000 after buying an additional 993,461 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $101.12 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company’s 50 day moving average price is $100.34 and its two-hundred day moving average price is $102.72. The firm has a market cap of $85.96 billion, a PE ratio of 16.36, a PEG ratio of 1.56 and a beta of 1.06. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, May 18th. United Parcel Service’s dividend payout ratio is 106.15%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Evercore cut their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Truist Financial increased their target price on United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $111.50.

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.