Atria Wealth Solutions Inc. Grows Holdings in United Parcel Service, Inc. (NYSE:UPS)

Atria Wealth Solutions Inc. increased its position 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 SEC. The fund owned 37,573 shares of the transportation company’s stock after purchasing an additional 712 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in United Parcel Service were worth $5,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MWA Asset Management purchased a new position in United Parcel Service in the third quarter valued at about $2,125,000. Chesapeake Wealth Management boosted its stake in United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 103 shares during the last quarter. Cerity Partners LLC boosted its stake in United Parcel Service by 13.1% in the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after acquiring an additional 44,721 shares during the last quarter. CapWealth Advisors LLC boosted its stake in United Parcel Service by 1.2% in the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after acquiring an additional 686 shares during the last quarter. Finally, Telos Capital Management Inc. boosted its stake in United Parcel Service by 1.0% in the third quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after acquiring an additional 740 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TD Cowen dropped their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a research report on Tuesday, February 6th. Susquehanna boosted their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday. Bank of America boosted their price target on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Oppenheimer boosted their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $147.53 on Friday. The company’s fifty day moving average price is $149.56 and its 200-day moving average price is $150.96. The firm has a market capitalization of $125.79 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.69 and a beta of 1.05. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.20 EPS. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

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

United Parcel Service Profile

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.