4,730 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,730 shares of the transportation company's stock, valued at approximately $596,000.

Several other hedge funds have also made changes to their positions in the stock. Aviva PLC grew its position in shares of United Parcel Service by 32.1% during the fourth quarter. Aviva PLC now owns 441,124 shares of the transportation company's stock worth $55,626,000 after acquiring an additional 107,148 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in United Parcel Service during the 4th quarter valued at about $27,587,000. Prudential PLC grew its position in United Parcel Service by 8.6% in the 4th quarter. Prudential PLC now owns 29,440 shares of the transportation company's stock worth $3,712,000 after purchasing an additional 2,334 shares during the last quarter. Forge Financial Services LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $681,000. Finally, Landscape Capital Management L.L.C. raised its holdings in shares of United Parcel Service by 113.1% during the fourth quarter. Landscape Capital Management L.L.C. now owns 54,873 shares of the transportation company's stock valued at $6,919,000 after buying an additional 29,122 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on UPS. Barclays lowered their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. Raymond James cut their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Tuesday. Truist Financial started coverage on shares of United Parcel Service in a research report on Thursday, March 13th. They issued a "buy" rating and a $140.00 target price for the company. Citigroup dropped their price target on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus price target of $131.32.

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United Parcel Service Stock Down 0.1 %

UPS stock traded down $0.06 during midday trading on Friday, reaching $96.50. The company had a trading volume of 1,996,596 shares, compared to its average volume of 6,503,527. The company has a 50 day moving average of $112.40 and a two-hundred day moving average of $124.21. 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 1 year low of $90.55 and a 1 year high of $153.42. The company has a market capitalization of $82.43 billion, a P/E ratio of 14.26, a PEG ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts' consensus estimates 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 prior year, the company earned $2.47 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.80%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

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.