Arkadios Wealth Advisors has increased its investment in United Parcel Service, Inc. (NYSE: UPS) by 5.1% during the second quarter of 2023. This information comes from the firm’s recent 13F filing with the Securities and Exchange Commission. Following the acquisition of an additional 1,421 shares, Arkadios now holds a total of 29,113 shares, valued at approximately $2,939,000.
Several other institutional investors have also made moves regarding UPS shares. For instance, Graybill Wealth Management LTD. acquired a new stake worth $26,000 in the first quarter. Similarly, Mid American Wealth Advisory Group Inc. made a comparable investment during the same period. Notably, Hemington Wealth Management increased its stake by an impressive 68.9% during the first quarter, now holding 282 shares valued at $31,000 after acquiring an additional 115 shares. The Saudi Central Bank and Flaharty Asset Management LLC also entered the market with new stakes valued at $32,000 and $33,000, respectively. Overall, institutional investors and hedge funds control 60.26% of UPS shares.
Stock Performance and Financial Metrics
As of the latest trading session, shares of UPS opened at $95.03. The company has demonstrated fluctuating performance, with a one-year low of $82.00 and a one-year high reaching $138.67. The current market capitalization of United Parcel Service stands at $80.55 billion. Key financial metrics include a price-to-earnings (PE) ratio of 14.69, a price-to-earnings-growth (PEG) ratio of 2.29, and a beta of 1.10. The company’s debt-to-equity ratio is recorded at 1.50, alongside a quick ratio of 1.32 and a current ratio of 1.30.
In addition to stock performance, UPS has recently announced a quarterly dividend, which was disbursed on September 4, 2023, to shareholders who held shares as of August 18, 2023. The dividend amounted to $1.64 per share, translating to an annualized dividend of $6.56 and a yield of 6.9%. The dividend payout ratio currently stands at 101.39%.
Analyst Recommendations and Insider Transactions
The stock has garnered attention from various analysts, leading to a series of rating adjustments. Wells Fargo & Company has raised its price target on UPS shares from $91.00 to $96.00, maintaining an “equal weight” rating. Conversely, Deutsche Bank Aktiengesellschaft has reduced its price target from $100.00 to $88.00, assigning a “hold” rating. Furthermore, Wall Street Zen has downgraded UPS from a “hold” to a “sell” rating. Among the analysts, one has given a Strong Buy rating, ten have rated it as Buy, fifteen have assigned a Hold rating, while four have classified it as Sell. The consensus rating is “Hold” with a target price of $110.00 according to data from MarketBeat.com.
In a related development, on August 22, 2023, Director Christiana Smith Shi acquired 500 shares of UPS at an average price of $88.17 each, amounting to a total investment of $44,085. This acquisition reflects a significant increase in her position in the company, which now stands at 500 shares valued at approximately $44,085. Currently, insiders own 0.13% of UPS stock.
United Parcel Service, Inc. is a prominent package delivery service that provides a range of logistics solutions including transportation, distribution, and customs brokerage. The company operates through two segments: U.S. Domestic Package and International Package, offering diverse delivery options both domestically and globally.
For those interested in tracking further developments regarding UPS and its institutional investors, resources such as HoldingsChannel.com provide access to the latest 13F filings and insider transactions.
