Massachusetts Financial Services Co. MA Has $93.89 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Massachusetts Financial Services Co. MA lowered its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 744,586 shares of the transportation company's stock after selling 142,510 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.09% of United Parcel Service worth $93,892,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. Pacific Sage Partners LLC lifted its stake 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 valued at $212,000 after acquiring an additional 77 shares during the last quarter. Quent Capital LLC boosted its stake in shares of United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock valued at $70,000 after purchasing an additional 80 shares in the last quarter. Gleason Group Inc. boosted its stake in shares of United Parcel Service by 1.3% during the fourth quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company's stock valued at $840,000 after purchasing an additional 84 shares in the last quarter. Dunhill Financial LLC grew its holdings in shares of United Parcel Service by 4.9% during the third quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company's stock worth $250,000 after purchasing an additional 86 shares during the last quarter. Finally, Weaver Consulting Group increased its stake in shares of United Parcel Service by 3.0% in the third quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company's stock valued at $416,000 after buying an additional 89 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 2.5 %

United Parcel Service stock opened at $97.62 on Friday. The firm has a market capitalization of $83.39 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The firm's fifty day moving average price is $115.82 and its two-hundred day moving average price is $125.64. United Parcel Service, Inc. has a 1-year low of $96.57 and a 1-year 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.

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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 period in the previous year, the business posted $2.47 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.72%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is 97.04%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on UPS shares. The Goldman Sachs Group cut their target price on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Truist Financial initiated 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. Robert W. Baird lowered United Parcel Service from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $160.00 to $130.00 in a research report on Friday, January 31st. Stifel Nicolaus lowered their price objective on United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Finally, Barclays reduced their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $133.18.

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.

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