Guardian Partners Inc. Acquires Shares of 2,680 United Parcel Service, Inc. (NYSE:UPS)

Guardian Partners Inc. purchased a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,680 shares of the transportation company's stock, valued at approximately $340,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of United Parcel Service by 2.1% during the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after buying an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC boosted its stake in United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock valued at $2,080,170,000 after purchasing an additional 373,202 shares during the last quarter. FMR LLC increased its holdings in shares of United Parcel Service by 3.7% in the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock worth $1,448,960,000 after purchasing an additional 380,229 shares in the last quarter. Finally, Amundi raised its stake in shares of United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock worth $1,272,600,000 after purchasing an additional 1,277,328 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have weighed in on UPS. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research report on Friday, March 7th. They issued a "hold" rating and a $119.00 target price for the company. UBS Group decreased their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating for the company in a report on Friday, January 31st. Robert W. Baird cut shares of United Parcel Service from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Truist Financial started 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 for the company. Finally, The Goldman Sachs Group dropped their price target on United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Two investment 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $137.91.

United Parcel Service Price Performance

UPS stock traded down $5.79 during mid-day trading on Tuesday, hitting $110.01. The company had a trading volume of 9,266,873 shares, compared to its average volume of 4,496,863. The company 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 company has a 50-day moving average price of $119.95 and a 200 day moving average price of $126.92. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $157.99.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 quarter last year, the firm earned $2.47 earnings per share. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.96%. United Parcel Service's dividend payout ratio (DPR) 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.