Legacy Advisors LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 20.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,286 shares of the transportation company's stock after acquiring an additional 4,512 shares during the period. United Parcel Service makes up approximately 0.9% of Legacy Advisors LLC's portfolio, making the stock its 15th biggest holding. Legacy Advisors LLC's holdings in United Parcel Service were worth $4,246,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in UPS. Franklin Resources Inc. lifted its position in United Parcel Service by 27.0% during the second quarter. Franklin Resources Inc. now owns 6,412,452 shares of the transportation company's stock worth $1,170,529,000 after buying an additional 1,362,612 shares during the period. Federated Hermes Inc. grew its stake in shares of United Parcel Service by 780.2% in the second quarter. Federated Hermes Inc. now owns 639,957 shares of the transportation company's stock valued at $116,819,000 after buying an additional 567,251 shares in the last quarter. Barclays PLC grew its stake in shares of United Parcel Service by 55.8% in the third quarter. Barclays PLC now owns 987,042 shares of the transportation company's stock valued at $159,448,000 after buying an additional 353,525 shares in the last quarter. Coho Partners Ltd. grew its stake in shares of United Parcel Service by 23.0% in the third quarter. Coho Partners Ltd. now owns 1,229,496 shares of the transportation company's stock valued at $198,613,000 after buying an additional 229,690 shares in the last quarter. Finally, Hamlin Capital Management LLC grew its stake in shares of United Parcel Service by 73.3% in the third quarter. Hamlin Capital Management LLC now owns 517,393 shares of the transportation company's stock valued at $83,580,000 after buying an additional 218,864 shares in the last quarter. Institutional investors and hedge funds own 58.92% of the company's stock.
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Wall Street Analyst Weigh In
Several research analysts have recently commented on UPS shares. BMO Capital Markets lifted their target price on United Parcel Service from $175.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 1st. Cowen reduced their price target on United Parcel Service from $232.00 to $187.00 and set a "market perform" rating for the company in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft upgraded United Parcel Service from a "hold" rating to a "buy" rating and boosted their price target for the company from $197.00 to $220.00 in a research note on Monday, November 28th. BNP Paribas lowered United Parcel Service from a "neutral" rating to an "underperform" rating in a research note on Wednesday, November 30th. Finally, Cowen increased their price target on United Parcel Service from $187.00 to $195.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 1st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $195.48.
United Parcel Service Stock Performance
Shares of UPS stock traded down $1.41 during trading on Tuesday, reaching $187.35. 202,919 shares of the company's stock traded hands, compared to its average volume of 2,783,093. The company has a market capitalization of $162.04 billion, a P/E ratio of 14.30, a PEG ratio of 2.28 and a beta of 1.12. The company has a current ratio of 1.22, a quick ratio of 1.39 and a debt-to-equity ratio of 0.87. The firm's 50-day moving average is $180.17 and its 200 day moving average is $181.04. United Parcel Service, Inc. has a 1 year low of $154.87 and a 1 year high of $230.35.
United Parcel Service (NYSE:UPS – Get Rating) last posted its earnings results on Tuesday, January 31st. The transportation company reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.03. United Parcel Service had a net margin of 11.51% and a return on equity of 66.10%. The business had revenue of $27 billion for the quarter, compared to analysts' expectations of $28.03 billion. During the same period in the prior year, the company posted $3.59 EPS. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post 11.59 EPS for the current year.
United Parcel Service Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Tuesday, February 21st will be issued a $1.62 dividend. This is a positive change from United Parcel Service's previous quarterly dividend of $1.52. The ex-dividend date of this dividend is Friday, February 17th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.46%. United Parcel Service's dividend payout ratio is presently 46.06%.
United Parcel Service declared that its Board of Directors has approved a share buyback program on Tuesday, January 31st that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.
United Parcel Service Company Profile
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United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.
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