Argent Trust Co Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

Argent Trust Co cut its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,657 shares of the transportation company's stock after selling 2,793 shares during the period. Argent Trust Co's holdings in United Parcel Service were worth $7,397,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Paralel Advisors LLC raised its position in United Parcel Service by 10.0% in the 4th quarter. Paralel Advisors LLC now owns 16,894 shares of the transportation company's stock valued at $2,130,000 after purchasing an additional 1,536 shares during the last quarter. Zuckerman Investment Group LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $963,000. Treasurer of the State of North Carolina grew its holdings in shares of United Parcel Service by 0.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 329,362 shares of the transportation company's stock worth $41,533,000 after buying an additional 1,480 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in United Parcel Service by 24.6% in the 4th quarter. Legacy Financial Advisors Inc. now owns 11,046 shares of the transportation company's stock valued at $1,393,000 after acquiring an additional 2,183 shares during the period. Finally, Redwood Park Advisors LLC purchased a new stake in United Parcel Service during the 4th quarter valued at approximately $82,000. Institutional investors and hedge funds own 60.26% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Baird R W lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Evercore ISI lifted their price target on 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. Citigroup cut their price objective on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Truist Financial assumed coverage on shares of 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, Wells Fargo & Company reduced their price objective on shares of United Parcel Service from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has a consensus rating of "Hold" and an average price target of $131.32.

United Parcel Service Trading Up 0.4 %

NYSE UPS traded up $0.39 during trading hours on Friday, hitting $96.95. 5,542,916 shares of the company's stock were exchanged, compared to its average volume of 4,808,906. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm has a market capitalization of $82.81 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The business's 50 day moving average is $112.11 and its 200-day moving average is $123.97. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping 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 quarter last year, the company posted $2.47 EPS. As a group, analysts anticipate 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 paid a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 6.77%. United Parcel Service's payout ratio is currently 97.04%.

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.