11,078 Shares in United Parcel Service, Inc. $UPS Purchased by Shrier Wealth Management LLC

Shrier Wealth Management LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,078 shares of the transportation company’s stock, valued at approximately $1,099,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. CFS Investment Advisory Services LLC increased its position in shares of United Parcel Service by 2.6% in the third quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock worth $372,000 after acquiring an additional 108 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of United Parcel Service by 4.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company’s stock valued at $214,000 after acquiring an additional 112 shares in the last quarter. Regal Investment Advisors LLC boosted its stake in United Parcel Service by 1.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 7,129 shares of the transportation company’s stock worth $596,000 after purchasing an additional 114 shares during the period. Wealth Advisory Solutions LLC boosted its stake in United Parcel Service by 2.3% in the 3rd quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock worth $431,000 after purchasing an additional 118 shares during the period. Finally, Winch Advisory Services LLC grew its position in United Parcel Service by 37.3% during the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after purchasing an additional 124 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 3.4%

Shares of UPS stock opened at $98.20 on Wednesday. The stock’s 50 day simple moving average is $107.76 and its 200 day simple moving average is $99.01. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $83.38 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.49 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s dividend payout ratio is currently 100.00%.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UPS. Deutsche Bank Aktiengesellschaft boosted their target price on shares of United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. UBS Group upped their price target on United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Truist Financial increased their price objective 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, Wells Fargo & Company raised their price objective on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $113.67.

About United Parcel Service

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.