VCI Wealth Management LLC Purchases Shares of 10,172 United Parcel Service, Inc. $UPS

VCI Wealth Management LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the third quarter, HoldingsChannel reports. The institutional investor purchased 10,172 shares of the transportation company’s stock, valued at approximately $850,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Evelyn Partners Investment Management Europe Ltd lifted its position in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after buying an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new position in shares of United Parcel Service during the 2nd quarter valued at about $26,000. Saudi Central Bank acquired a new position in shares of United Parcel Service during the 1st quarter valued at about $32,000. Flaharty Asset Management LLC purchased a new position in shares of United Parcel Service during the 1st quarter worth about $33,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of United Parcel Service in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UPS shares. UBS Group upped their price target on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price objective on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Wells Fargo & Company increased their target price on United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Truist Financial boosted their price target on United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average price target of $110.09.

United Parcel Service Stock Up 0.4%

Shares of United Parcel Service stock opened at $100.58 on Friday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $136.99. The stock has a market cap of $85.33 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 2.40 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average price of $95.27 and a 200 day moving average price of $92.91.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. During the same period last year, the company posted $1.76 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.5%. United Parcel Service’s payout ratio is 101.39%.

United Parcel Service Company 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.