Mizuho Markets Cayman LP Acquires Shares of 19,308 United Parcel Service, Inc. $UPS

Mizuho Markets Cayman LP bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,308 shares of the transportation company’s stock, valued at approximately $1,613,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Evelyn Partners Investment Management Europe Ltd grew its stake in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 131 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in United Parcel Service in the 2nd quarter worth $34,000. Salzhauer Michael acquired a new position in United Parcel Service during the third quarter worth $31,000. Physician Wealth Advisors Inc. raised its position in United Parcel Service by 76.5% during the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after acquiring an additional 163 shares during the period. Finally, Avion Wealth lifted its holdings in United Parcel Service by 284.1% during the third quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS stock opened at $97.79 on Wednesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $83.03 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.53 and a beta of 1.08. The business has a 50 day simple moving average of $109.81 and a 200-day simple moving average of $98.17.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the prior year, the business earned $2.75 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.7%. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UPS. Citigroup decreased their price target on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Truist Financial boosted their price objective on United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Stifel Nicolaus increased their target price on United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Finally, Susquehanna lifted their price target on United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Hold” and an average target price of $113.67.

Insider Activity

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

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.