United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 19.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,463,930 shares of the transportation company's stock after purchasing an additional 1,064,293 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.76% of United Parcel Service worth $815,102,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the 4th quarter worth about $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $26,000. IFS Advisors LLC increased its stake in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after buying an additional 151 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service in the fourth quarter worth $30,000. Finally, Transce3nd LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com raised United Parcel Service from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Baird R W cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Truist Financial dropped their target price on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday. Morgan Stanley decreased their price target on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Finally, Susquehanna decreased their target price on United Parcel Service from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $126.41.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $1.06 on Friday, reaching $97.86. 4,573,715 shares of the stock were exchanged, compared to its average volume of 4,833,118. The firm has a market capitalization of $83.59 billion, a PE ratio of 14.48, a PEG ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $153.42. The business has a fifty day moving average price of $108.58 and a two-hundred day moving average price of $121.56. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

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 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 last year, the company earned $2.47 EPS. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.70%. 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. United Parcel Service's payout ratio is currently 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.