Invesco Ltd. Sells 643,139 Shares of United Parcel Service, Inc. (NYSE:UPS)

Invesco Ltd. reduced its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,623,865 shares of the transportation company's stock after selling 643,139 shares during the quarter. Invesco Ltd. owned about 0.42% of United Parcel Service worth $456,969,000 at the end of the most recent quarter.

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

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Analyst Ratings Changes

UPS has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Evercore ISI boosted their price objective on United Parcel Service from $141.00 to $147.00 and gave the stock an "in-line" rating in a research report on Wednesday, January 22nd. Wolfe Research raised shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target on the stock in a report on Wednesday, January 8th. Truist Financial started coverage on shares of United Parcel Service in a research note on Thursday, March 13th. They issued a "buy" rating and a $140.00 price objective for the company. Finally, StockNews.com downgraded United Parcel Service from a "buy" rating to a "hold" rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, United Parcel Service currently has an average rating of "Hold" and an average price target of $131.32.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded up $0.39 during trading on Friday, hitting $96.95. 5,542,916 shares of the stock traded hands, compared to its average volume of 4,811,646. The firm's fifty day moving average is $112.11 and its 200-day moving average is $123.91. The stock has a market cap of $82.81 billion, a price-to-earnings ratio of 14.34, 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. 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 (NYSE:UPS - Get Free Report) last posted its quarterly 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 firm earned $2.47 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed 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 a boost 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 6.77%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is 97.04%.

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.