United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Increased by Geneos Wealth Management Inc.

Posted by Defense World Staff on Apr 14th, 2023

Geneos Wealth Management Inc. lifted its stake in United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,273 shares of the transportation company’s stock after purchasing an additional 179 shares during the quarter. Geneos Wealth Management Inc.’s holdings in United Parcel Service were worth $917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. RB Capital Management LLC raised its position in United Parcel Service by 3.1% during the first quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 81 shares in the last quarter. Ergoteles LLC acquired a new position in United Parcel Service during the first quarter valued at approximately $1,162,000. Halbert Hargrove Global Advisors LLC grew its holdings in United Parcel Service by 10.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock valued at $264,000 after purchasing an additional 112 shares during the last quarter. First Western Trust Bank acquired a new position in United Parcel Service during the first quarter valued at approximately $515,000. Finally, Stevens Capital Management LP acquired a new position in United Parcel Service during the first quarter valued at approximately $701,000. 58.92% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $191.00 on Friday. The stock has a market capitalization of $164.02 billion, a P/E ratio of 14.47, a P/E/G ratio of 2.31 and a beta of 1.09. 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 $209.39. The business has a 50-day moving average price of $186.19 and a two-hundred day moving average price of $178.47.

United Parcel Service (NYSE:UPS – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The transportation company reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.59 by $0.03. United Parcel Service had a net margin of 11.51% and a return on equity of 66.10%. The business had revenue of $27 billion during the quarter, compared to the consensus estimate of $28.03 billion. During the same period in the previous year, the firm posted $3.59 earnings per share. United Parcel Service’s revenue for the quarter was down 2.6% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 11.47 earnings per share for the current year.

United Parcel Service announced that its Board of Directors has approved a stock repurchase program on Tuesday, January 31st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the transportation company to repurchase up to 3% of its stock through open market purchases. Stock buyback programs are generally 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. Investors of record on Tuesday, February 21st were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Friday, February 17th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.52. United Parcel Service’s dividend payout ratio is currently 49.09%.

Insider Buying and Selling at United Parcel Service

In related news, CFO Brian Newman sold 19,000 shares of the stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $182.46, for a total value of $3,466,740.00. Following the sale, the chief financial officer now directly 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 accessible through this hyperlink. In other news, CFO Brian Newman sold 19,000 shares of the business’s stock in a transaction on Friday, February 17th. The shares were 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 of the company’s stock, valued at approximately $2,130,585.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Norman M. Brothers, Jr. sold 20,724 shares of the firm’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $182.26, for a total value of $3,777,156.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,341 shares of company stock valued at $9,848,061. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. set a $181.00 price objective on shares of United Parcel Service in a research note on Tuesday, January 31st. Loop Capital decreased their price target on shares of United Parcel Service from $219.00 to $212.00 and set a “buy” rating on the stock in a research note on Tuesday, March 21st. Oppenheimer lifted their price target on shares of United Parcel Service from $196.00 to $199.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. UBS Group set a $196.00 price target on shares of United Parcel Service in a research note on Wednesday, February 1st. Finally, Evercore ISI lifted their price target on shares of United Parcel Service from $181.00 to $203.00 and gave the stock an “in-line” rating in a research note on Monday, December 19th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $195.22.

United Parcel Service Company 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.