Collar Capital Management LLC Buys 6,225 Shares of United Parcel Service, Inc. $UPS

Collar Capital Management LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 25.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,096 shares of the transportation company’s stock after purchasing an additional 6,225 shares during the period. United Parcel Service comprises 1.8% of Collar Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Collar Capital Management LLC’s holdings in United Parcel Service were worth $2,597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of United Parcel Service during the 1st quarter valued at about $590,000. Ieq Capital LLC increased its position in shares of United Parcel Service by 824.4% during the 1st quarter. Ieq Capital LLC now owns 41,190 shares of the transportation company’s stock valued at $4,530,000 after purchasing an additional 36,734 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in shares of United Parcel Service by 3.1% in the 1st quarter. CreativeOne Wealth LLC now owns 14,875 shares of the transportation company’s stock worth $1,636,000 after purchasing an additional 447 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of United Parcel Service by 29.1% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 60,749 shares of the transportation company’s stock worth $6,682,000 after buying an additional 13,689 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on UPS shares. Citigroup increased their price target on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Wells Fargo & Company raised their target price on United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Truist Financial lifted their target price 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. BMO Capital Markets restated a “market perform” rating and issued a $96.00 price target (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Finally, Stifel Nicolaus lifted their price objective on United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $110.09.

United Parcel Service Stock Performance

NYSE UPS opened at $100.58 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $136.99. The business has a 50-day moving average price of $95.27 and a 200-day moving average price of $92.91. The firm 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.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $20.94 billion. During the same period in the previous year, the firm earned $1.76 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced 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 was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. United Parcel Service’s dividend payout ratio is currently 101.39%.

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.