United Parcel Service (NYSE:UPS) Issues Quarterly Earnings Results

United Parcel Service (NYSE:UPS) released its quarterly earnings data on Wednesday. The transportation company reported $1.69 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $22.85 billion during the quarter. United Parcel Service had a net margin of 4.84% and a return on equity of 37.78%.

United Parcel Service Stock Down 2.1%

UPS stock traded down $2.34 during trading on Friday, hitting $108.70. 3,471,111 shares of the company’s stock traded hands, compared to its average volume of 5,620,372. The firm has a market capitalization of $92.48 billion, a P/E ratio of 20.89, a PEG ratio of 2.05 and a beta of 0.98. United Parcel Service has a 1 year low of $90.84 and a 1 year high of $122.41. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 1.67. The business has a fifty day simple moving average of $99.76 and a two-hundred day simple moving average of $104.70.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Monday, November 16th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, November 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 126.15%.

Insiders Place Their Bets

In other news, insider Matthew Guffey sold 8,318 shares of United Parcel Service stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total value of $876,634.02. Following the transaction, the insider directly owned 271 shares in the company, valued at approximately $28,560.69. This trade represents a 96.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA grew its holdings in United Parcel Service by 2.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 312,924 shares of the transportation company’s stock valued at $29,240,000 after buying an additional 6,289 shares in the last quarter. Leelyn Smith LLC increased its stake in shares of United Parcel Service by 2.8% in the 3rd quarter. Leelyn Smith LLC now owns 29,829 shares of the transportation company’s stock worth $2,787,000 after acquiring an additional 803 shares during the last quarter. Verus Capital Partners LLC raised its holdings in shares of United Parcel Service by 22.8% during the 3rd quarter. Verus Capital Partners LLC now owns 3,437 shares of the transportation company’s stock worth $321,000 after acquiring an additional 639 shares during the period. International Assets Investment Management LLC raised its holdings in shares of United Parcel Service by 10.2% during the 3rd quarter. International Assets Investment Management LLC now owns 115,000 shares of the transportation company’s stock worth $11,050,000 after acquiring an additional 10,633 shares during the period. Finally, Cowa LLC boosted its position in shares of United Parcel Service by 11.9% during the 3rd quarter. Cowa LLC now owns 26,466 shares of the transportation company’s stock valued at $2,473,000 after acquiring an additional 2,820 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UPS shares. Sanford C. Bernstein lowered their price target on United Parcel Service from $131.00 to $127.00 and set an “outperform” rating for the company in a report on Wednesday, October 21st. Truist Financial lifted their target price on United Parcel Service from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. TD Cowen upped their target price on United Parcel Service from $115.00 to $116.00 and gave the stock a “hold” rating in a report on Wednesday, October 28th. Citigroup upped their target price on United Parcel Service from $122.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Finally, Susquehanna increased their price target on United Parcel Service from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $118.45.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a global package delivery and logistics company. Its services include domestic and international shipping, air and ground delivery, freight forwarding, customs brokerage, and supply chain management.

UPS also provides solutions for businesses, including warehousing, inventory management, healthcare logistics, and returns processing. Its network serves customers in more than 200 countries and territories.

Founded in Seattle in 1907 as the American Messenger Company, UPS is headquartered in Atlanta, Georgia.