United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,624,016 shares of the transportation company's stock after purchasing an additional 33,292 shares during the quarter. Federated Hermes Inc. owned approximately 0.19% of United Parcel Service worth $204,788,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Arete Wealth Advisors LLC lifted its stake in United Parcel Service by 69.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 19,068 shares of the transportation company's stock valued at $2,591,000 after buying an additional 7,786 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of United Parcel Service by 202.9% in the third quarter. Janus Henderson Group PLC now owns 269,498 shares of the transportation company's stock worth $36,741,000 after acquiring an additional 180,519 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of United Parcel Service in the third quarter worth approximately $2,608,000. Kovitz Investment Group Partners LLC raised its stake in United Parcel Service by 85.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 34,272 shares of the transportation company's stock valued at $4,673,000 after purchasing an additional 15,779 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its stake in United Parcel Service by 20.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 32,376 shares of the transportation company's stock valued at $4,414,000 after purchasing an additional 5,433 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

UPS has been the subject of several research reports. UBS Group dropped their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Robert W. Baird cut shares of United Parcel Service from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 target price for the company. Finally, Wolfe Research raised United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of "Moderate Buy" and an average target price of $131.32.

United Parcel Service Stock Down 3.9 %

UPS stock traded down $3.92 during trading on Thursday, hitting $95.74. 2,909,586 shares of the company's stock were exchanged, compared to its average volume of 4,775,187. The business has a 50-day moving average price of $112.70 and a two-hundred day moving average price of $124.44. 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 stock has a market capitalization of $81.78 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42.

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 (EPS) 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 period in the previous year, the business posted $2.47 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.85%. United Parcel Service's dividend payout ratio 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.