Atria Wealth Solutions Inc. Buys 712 Shares of United Parcel Service, Inc. (NYSE:UPS)

Atria Wealth Solutions Inc. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,573 shares of the transportation company’s stock after buying an additional 712 shares during the period. Atria Wealth Solutions Inc.’s holdings in United Parcel Service were worth $5,908,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UPS. International Assets Investment Management LLC raised its holdings in United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after buying an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after purchasing an additional 628,944 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of United Parcel Service by 36.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock worth $315,832,000 after purchasing an additional 541,163 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of United Parcel Service by 28.0% in the third quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock worth $379,245,000 after purchasing an additional 532,934 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UPS. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Wednesday, April 3rd. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $170.00 in a report on Friday, February 16th. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $175.00 in a report on Tuesday, February 6th. Stifel Nicolaus decreased their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $165.23.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

UPS stock opened at $147.53 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50 day moving average price of $149.56 and a 200 day moving average price of $150.96. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The stock has a market capitalization of $125.79 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter in the previous year, the company posted $2.20 EPS. United Parcel Service’s revenue was down 5.3% on a year-over-year basis. Analysts forecast that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is 94.49%.

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.