Congress Wealth Management LLC DE Has $1.34 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Congress Wealth Management LLC DE cut its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 85.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,598 shares of the transportation company's stock after selling 60,690 shares during the quarter. Congress Wealth Management LLC DE's holdings in United Parcel Service were worth $1,337,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Pacific Sage Partners LLC raised its position in United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock valued at $212,000 after buying an additional 77 shares during the last quarter. Quent Capital LLC lifted its position in shares of United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after purchasing an additional 80 shares in the last quarter. Gleason Group Inc. boosted its holdings in United Parcel Service by 1.3% during the fourth quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company's stock worth $840,000 after purchasing an additional 84 shares during the last quarter. Dunhill Financial LLC grew its position in United Parcel Service by 4.9% in the third quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company's stock valued at $250,000 after purchasing an additional 86 shares in the last quarter. Finally, Weaver Consulting Group increased its stake in United Parcel Service by 3.0% in the 3rd quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company's stock valued at $416,000 after buying an additional 89 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

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Analyst Ratings Changes

UPS has been the subject of a number of recent research reports. Stifel Nicolaus reduced 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 note on Thursday, January 23rd. Susquehanna decreased their price target on United Parcel Service from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group dropped their price objective on United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. StockNews.com raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. Finally, 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 price target on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has an average rating of "Moderate Buy" and a consensus price target of $136.26.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded up $0.34 during trading on Monday, reaching $110.00. The company's stock had a trading volume of 6,534,610 shares, compared to its average volume of 4,669,043. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The business's 50-day moving average price is $118.12 and its 200-day moving average price is $126.27. United Parcel Service, Inc. has a 52 week low of $108.30 and a 52 week high of $154.29. The firm has a market cap of $93.96 billion, a PE ratio of 16.27, a P/E/G ratio of 1.55 and a beta of 0.94.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 firm posted $2.47 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is 97.04%.

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.