Dean Investment Associates LLC Has $3.50 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Dean Investment Associates LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,747 shares of the transportation company's stock after selling 10,096 shares during the period. Dean Investment Associates LLC's holdings in United Parcel Service were worth $3,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of UPS. Principal Financial Group Inc. raised its holdings in United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after purchasing an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $461,000. Synovus Financial Corp grew its position in shares of United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock worth $11,934,000 after purchasing an additional 6,941 shares in the last quarter. HF Advisory Group LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at about $1,305,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of United Parcel Service by 27.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock valued at $16,304,000 after purchasing an additional 28,108 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $1.09 during trading on Monday, hitting $95.34. 1,175,647 shares of the stock were exchanged, compared to its average volume of 6,399,343. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42. 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 stock has a market cap of $81.44 billion, a PE ratio of 14.10, a P/E/G ratio of 1.55 and a beta of 1.10. The stock's fifty day moving average is $110.40 and its 200 day moving average is $122.61.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the business earned $2.47 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current 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 given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is 97.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UPS. Morgan Stanley decreased their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Barclays dropped their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Baird R W lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. StockNews.com raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a report on Friday. Finally, Truist Financial began coverage on shares of United Parcel Service in a research note on Thursday, March 13th. They set a "buy" rating and a $140.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service has an average rating of "Moderate Buy" and an average price target of $129.70.

United Parcel Service Company 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.