Dearborn Partners LLC lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,399 shares of the transportation company's stock after selling 4,796 shares during the period. Dearborn Partners LLC's holdings in United Parcel Service were worth $15,182,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. IFS Advisors LLC increased its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after buying an additional 151 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $34,000. FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service during the 3rd quarter worth about $36,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in United Parcel Service during the fourth quarter worth approximately $38,000. 60.26% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Price Performance
Shares of NYSE:UPS traded down $0.17 on Thursday, reaching $115.09. 4,628,398 shares of the company were exchanged, compared to its average volume of 4,452,770. The company has a 50-day moving average of $121.05 and a 200-day moving average of $127.47. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a market cap of $98.30 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95.
United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results 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 earned $2.47 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.
United Parcel Service Increases Dividend
The company also recently disclosed 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 an increase from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.70%. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is presently 97.04%.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Wolfe Research raised shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective on the stock in a report on Wednesday, January 8th. Robert W. Baird lowered shares of United Parcel Service from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Truist Financial initiated coverage on shares of United Parcel Service in a research report on Thursday. They issued a "buy" rating and a $140.00 price target for the company. Stifel Nicolaus dropped their price objective on United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Finally, Morgan Stanley cut their target price on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of "Moderate Buy" and an average target price of $138.09.
Check Out Our Latest Report on UPS
United Parcel Service Profile
(
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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