Ferguson Wellman Capital Management Inc. Has $760,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Posted by Defense World Staff on Mar 23rd, 2023

Ferguson Wellman Capital Management Inc. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,371 shares of the transportation company’s stock after buying an additional 487 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in United Parcel Service were worth $760,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UPS. First Trust Advisors LP lifted its holdings in United Parcel Service by 68.7% during the 3rd quarter. First Trust Advisors LP now owns 1,919,598 shares of the transportation company’s stock worth $310,092,000 after buying an additional 781,505 shares in the last quarter. Vanguard Group Inc. lifted its holdings in United Parcel Service by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 67,099,021 shares of the transportation company’s stock worth $10,839,176,000 after buying an additional 601,166 shares in the last quarter. Federated Hermes Inc. lifted its holdings in United Parcel Service by 780.2% during the 2nd quarter. Federated Hermes Inc. now owns 639,957 shares of the transportation company’s stock worth $116,819,000 after buying an additional 567,251 shares in the last quarter. Barclays PLC lifted its holdings in United Parcel Service by 55.8% during the 3rd quarter. Barclays PLC now owns 987,042 shares of the transportation company’s stock worth $159,448,000 after buying an additional 353,525 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new position in United Parcel Service during the 3rd quarter worth $43,705,000. Institutional investors and hedge funds own 58.92% of the company’s stock.

Insider Activity

In other news, CFO Brian Newman sold 19,000 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $182.46, for a total value of $3,466,740.00. Following the completion of the transaction, the chief financial officer now owns 11,677 shares in the company, valued at approximately $2,130,585.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Brian Newman sold 19,000 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $182.46, for a total value of $3,466,740.00. Following the completion of the transaction, the chief financial officer now owns 11,677 shares in the company, valued at approximately $2,130,585.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura J. Lane sold 14,617 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $178.16, for a total value of $2,604,164.72. The disclosure for this sale can be found here. Insiders sold 54,341 shares of company stock worth $9,848,061 in the last quarter. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UPS shares. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $220.00 to $214.00 in a research note on Monday. Loop Capital cut their price target on United Parcel Service from $219.00 to $212.00 and set a “buy” rating on the stock in a research note on Tuesday. Exane BNP Paribas downgraded United Parcel Service from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 30th. StockNews.com downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Susquehanna increased their price target on United Parcel Service from $165.00 to $180.00 in a research note on Wednesday, February 1st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target of $194.19.

United Parcel Service Price Performance

UPS stock opened at $185.54 on Thursday. The stock has a 50-day moving average price of $183.35 and a two-hundred day moving average price of $178.08. The stock has a market cap of $159.33 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 2.21 and a beta of 1.08. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.87. United Parcel Service, Inc. has a 1 year low of $154.87 and a 1 year high of $223.97.

United Parcel Service (NYSE:UPS – Get Rating) last released its earnings results on Tuesday, January 31st. The transportation company reported $3.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.59 by $0.03. The firm had revenue of $27 billion during the quarter, compared to analysts’ expectations of $28.03 billion. United Parcel Service had a return on equity of 66.10% and a net margin of 11.51%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.59 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 11.45 EPS for the current fiscal year.

United Parcel Service announced that its Board of Directors has initiated a stock buyback plan on Tuesday, January 31st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the transportation company to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 21st were issued a $1.62 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.52. The ex-dividend date of this dividend was Friday, February 17th. This represents a $6.48 annualized dividend and a dividend yield of 3.49%. United Parcel Service’s dividend payout ratio (DPR) is presently 49.09%.

United Parcel Service Profile

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United Parcel Service, Inc is a package delivery company, which engages in the provision of global supply chain management solutions. It operates through the following segments: U.S. Domestic Package, International Package, and Supply Chain Solutions. The U.S. Domestic Package segment includes time-definite delivery of letters, documents, and packages.