9,471 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Potomac Fund Management Inc. ADV

Potomac Fund Management Inc. ADV purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,471 shares of the transportation company's stock, valued at approximately $1,194,000. United Parcel Service comprises about 1.1% of Potomac Fund Management Inc. ADV's portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board lifted its position in United Parcel Service by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 32,289 shares of the transportation company's stock worth $4,402,000 after buying an additional 4,100 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of United Parcel Service by 69.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 19,068 shares of the transportation company's stock worth $2,591,000 after acquiring an additional 7,786 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after purchasing an additional 171 shares during the period. Erste Asset Management GmbH bought a new position in United Parcel Service during the 3rd quarter valued at about $2,054,000. Finally, Hilltop Holdings Inc. lifted its stake in United Parcel Service by 28.4% in the third quarter. Hilltop Holdings Inc. now owns 17,501 shares of the transportation company's stock worth $2,386,000 after purchasing an additional 3,871 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

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Wall Street Analysts Forecast Growth

UPS has been the topic of a number of analyst reports. BMO Capital Markets raised United Parcel Service from a "market perform" rating to an "outperform" rating and cut their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Truist Financial started coverage on United Parcel Service in a research note on Thursday, March 13th. They issued a "buy" rating and a $140.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Raymond James decreased their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a report on Friday, January 31st. Finally, Wolfe Research upgraded shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $135.83.

United Parcel Service Stock Up 0.8 %

Shares of NYSE:UPS traded up $0.90 during trading on Wednesday, reaching $110.16. The stock had a trading volume of 4,509,181 shares, compared to its average volume of 4,669,280. The firm's 50-day simple moving average is $117.20 and its 200 day simple moving average is $126.04. United Parcel Service, Inc. has a one year low of $106.68 and a one year high of $154.29. The company has a market capitalization of $94.10 billion, a P/E ratio of 16.30, a PEG ratio of 1.55 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the company posted $2.47 earnings per share. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.95%. United Parcel Service's payout ratio is 97.04%.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.