North Star Investment Management Corp. Has $1.41 Million Holdings in United Parcel Service, Inc. $UPS

North Star Investment Management Corp. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 42.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,897 shares of the transportation company’s stock after selling 12,699 shares during the quarter. North Star Investment Management Corp.’s holdings in United Parcel Service were worth $1,411,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UPS. Brighton Jones LLC boosted its position in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares during the last quarter. State of Wyoming increased its holdings in United Parcel Service by 4,192.3% in the first quarter. State of Wyoming now owns 558 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 545 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in United Parcel Service by 33.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 145,185 shares of the transportation company’s stock valued at $15,966,000 after buying an additional 36,209 shares during the period. UniSuper Management Pty Ltd boosted its holdings in United Parcel Service by 7.0% during the first quarter. UniSuper Management Pty Ltd now owns 51,662 shares of the transportation company’s stock worth $5,682,000 after buying an additional 3,363 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in United Parcel Service by 2.2% during the first quarter. Ashton Thomas Private Wealth LLC now owns 21,956 shares of the transportation company’s stock worth $2,415,000 after buying an additional 464 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of analyst reports. Bank of America cut their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. Susquehanna upped their target price on shares of United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. UBS Group increased their target price on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Truist Financial boosted their price target on shares of United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Citigroup raised their price objective on United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $110.09.

United Parcel Service Trading Up 0.9%

Shares of NYSE:UPS opened at $101.89 on Tuesday. The firm has a market cap of $86.44 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 2.28 and a beta of 1.11. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $136.99. The company’s fifty day simple moving average is $97.05 and its 200 day simple moving average is $92.80. 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 (NYSE:UPS) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (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 firm had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter in the prior year, the company earned $1.76 EPS. The company’s revenue was down 3.7% on a year-over-year basis. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

United Parcel Service 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.