Heritage Trust Co Invests $2.70 Million in United Parcel Service, Inc. (NYSE:UPS)

Heritage Trust Co purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,421 shares of the transportation company's stock, valued at approximately $2,701,000.

Several other large investors have also recently added to or reduced their stakes in UPS. Pacific Sage Partners LLC increased its holdings in United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock valued at $212,000 after purchasing an additional 77 shares in the last quarter. Quent Capital LLC raised its holdings in shares of United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock valued at $70,000 after buying an additional 80 shares during the last quarter. Gleason Group Inc. lifted its position in United Parcel Service by 1.3% during the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company's stock worth $840,000 after buying an additional 84 shares in the last quarter. Versant Capital Management Inc grew its holdings in United Parcel Service by 2.5% during the 4th quarter. Versant Capital Management Inc now owns 3,583 shares of the transportation company's stock worth $452,000 after acquiring an additional 89 shares during the last quarter. Finally, Altus Wealth Group LLC raised its stake in shares of United Parcel Service by 4.6% in the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after acquiring an additional 89 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

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United Parcel Service Stock Up 0.4 %

Shares of NYSE UPS traded up $0.39 during mid-day trading on Friday, reaching $96.95. 5,542,916 shares of the company's stock were exchanged, compared to its average volume of 4,811,646. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $153.42. 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 capitalization of $82.81 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.55 and a beta of 1.10. The business has a fifty day simple moving average of $112.11 and a 200 day simple moving average of $123.97.

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

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders 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. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.77%. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

Analysts Set New Price Targets

UPS has been the subject of a number of research reports. Bank of America lowered their price target on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Truist Financial assumed coverage on United Parcel Service in a research report on Thursday, March 13th. They set a "buy" rating and a $140.00 target price for the company. Loop Capital decreased their price target on United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Wolfe Research upgraded 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 report on Wednesday, January 8th. Finally, Baird R W downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, United Parcel Service currently has an average rating of "Hold" and an average price target of $131.32.

United Parcel Service 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.