Russell Investments Group Ltd. raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 391,291 shares of the transportation company's stock after acquiring an additional 64,746 shares during the quarter. Russell Investments Group Ltd.'s holdings in United Parcel Service were worth $49,308,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also bought and sold shares of UPS. IMG Wealth Management Inc. bought a new position in United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service during the fourth quarter valued at $26,000. IFS Advisors LLC grew its position in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after buying an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter valued at about $30,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $34,000. 60.26% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Trading Down 4.6 %
UPS stock traded down $4.56 during midday trading on Thursday, hitting $95.10. The stock had a trading volume of 2,629,084 shares, compared to its average volume of 4,774,014. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42. The company's 50-day moving average price is $112.70 and its 200 day moving average price is $124.44. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market cap of $81.23 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.
United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (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 earned $2.47 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.90%. United Parcel Service's dividend payout ratio (DPR) is presently 97.04%.
Analyst Ratings Changes
A number of research analysts recently commented on UPS shares. Bank of America reduced their target price on United Parcel Service from $133.00 to $129.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Truist Financial assumed coverage on shares of United Parcel Service in a report on Thursday, March 13th. They issued a "buy" rating and a $140.00 price objective for the company. Susquehanna reduced their price target on United Parcel Service from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley lowered their target price on shares of 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, The Goldman Sachs Group cut their price objective 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $131.32.
Read Our Latest Stock Analysis on United Parcel Service
About United Parcel Service
(
Free Report)
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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