Howe & Rusling Inc. acquired a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,552 shares of the transportation company's stock, valued at approximately $322,000.
Other hedge funds have also recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service in the fourth quarter valued at approximately $26,000. True Wealth Design LLC grew its holdings in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. IFS Advisors LLC increased its stake in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after buying an additional 151 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 60.26% of the company's stock.
United Parcel Service Stock Performance
Shares of UPS opened at $110.00 on Tuesday. 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, Inc. has a 12-month low of $108.30 and a 12-month high of $154.29. The stock has a market cap of $93.96 billion, a P/E ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94. The company has a 50-day moving average of $118.12 and a two-hundred day moving average of $126.27.
United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 in the prior year, the business posted $2.47 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio is presently 97.04%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 target price on the stock. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Wolfe Research raised United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price on the stock in a report on Wednesday, January 8th. Truist Financial initiated coverage on United Parcel Service in a research report on Thursday, March 13th. They set a "buy" rating and a $140.00 target price on the stock. Finally, Evercore ISI increased their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research note on Wednesday, January 22nd. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $136.26.
Check Out Our Latest Research Report on United Parcel Service
About United Parcel Service
(
Free Report)
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.
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