Pacer Advisors Inc. Increases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Pacer Advisors Inc. lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 374,920 shares of the transportation company’s stock after acquiring an additional 37,340 shares during the period. Pacer Advisors Inc.’s holdings in United Parcel Service were worth $47,277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Copperwynd Financial LLC grew its position in United Parcel Service by 7.0% in the 2nd quarter. Copperwynd Financial LLC now owns 1,908 shares of the transportation company’s stock valued at $249,000 after buying an additional 124 shares during the last quarter. Sunbelt Securities Inc. grew its position in United Parcel Service by 4.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 16,630 shares of the transportation company’s stock valued at $2,276,000 after buying an additional 648 shares during the last quarter. Wallace Advisory Group LLC grew its position in United Parcel Service by 161.0% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,469 shares of the transportation company’s stock valued at $475,000 after buying an additional 2,140 shares during the last quarter. Quarry LP grew its position in United Parcel Service by 453.6% in the 2nd quarter. Quarry LP now owns 537 shares of the transportation company’s stock valued at $73,000 after buying an additional 440 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in United Parcel Service by 8.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock valued at $3,312,000 after buying an additional 1,863 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UPS. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a report on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus dropped their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Evercore ISI increased their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday, January 22nd. Finally, Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

Get Our Latest Analysis on UPS

United Parcel Service Trading Up 2.4 %

Shares of United Parcel Service stock opened at $136.23 on Tuesday. The business’s fifty day moving average is $128.95 and its two-hundred day moving average is $130.76. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $158.95. The firm has a market cap of $116.26 billion, a PE ratio of 20.58, a P/E/G ratio of 1.86 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.79%. United Parcel Service’s payout ratio is currently 98.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

About United Parcel Service

(Free Report)

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.

See Also

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

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