EntryPoint Capital LLC Purchases New Shares in United Parcel Service, Inc. (NYSE:UPS)

EntryPoint Capital LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,297 shares of the transportation company's stock, valued at approximately $794,000. United Parcel Service makes up 0.3% of EntryPoint Capital LLC's portfolio, making the stock its 12th biggest holding.

A number of other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after buying an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new position in United Parcel Service in the fourth quarter worth $461,000. Synovus Financial Corp grew its stake in United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock valued at $11,934,000 after purchasing an additional 6,941 shares during the period. HF Advisory Group LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $1,305,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in 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 during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 5.0 %

Shares of NYSE:UPS traded down $5.79 during trading on Tuesday, reaching $110.01. 10,622,008 shares of the company traded hands, compared to its average volume of 4,499,631. 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 52-week low of $109.40 and a 52-week high of $157.99. The firm has a market capitalization of $93.97 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.55 and a beta of 0.94. The business's fifty day moving average is $119.95 and its 200-day moving average is $126.92.

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United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 in the previous year, the company posted $2.47 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued 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 an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's payout ratio is currently 97.04%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Robert W. Baird lowered United Parcel Service from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. UBS Group lowered their price target on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Raymond James decreased their target price on United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating on the stock in a research note on Friday, January 31st. Finally, Truist Financial started coverage on United Parcel Service in a report on Thursday, March 13th. They set a "buy" rating and a $140.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.91.

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.