Sterling Capital Management LLC Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Sterling Capital Management LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 85.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,852 shares of the transportation company's stock after selling 16,719 shares during the quarter. Sterling Capital Management LLC's holdings in United Parcel Service were worth $360,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UPS. Diamant Asset Management Inc. grew its holdings in United Parcel Service by 2.8% during the 3rd quarter. Diamant Asset Management Inc. now owns 4,060 shares of the transportation company's stock valued at $554,000 after buying an additional 110 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its stake in United Parcel Service by 12.2% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 17,236 shares of the transportation company's stock valued at $2,337,000 after acquiring an additional 1,880 shares in the last quarter. Eaton Financial Holdings Company LLC purchased a new stake in United Parcel Service in the 3rd quarter worth approximately $1,021,000. Pine Valley Investments Ltd Liability Co boosted its holdings in United Parcel Service by 25.9% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 26,457 shares of the transportation company's stock valued at $3,607,000 after purchasing an additional 5,444 shares during the period. Finally, World Investment Advisors LLC grew its position in shares of United Parcel Service by 79.6% during the 3rd quarter. World Investment Advisors LLC now owns 17,675 shares of the transportation company's stock valued at $2,410,000 after purchasing an additional 7,836 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UPS shares. The Goldman Sachs Group lowered their price objective on 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. Bank of America dropped their price target on United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Truist Financial started coverage on shares of United Parcel Service in a research report on Thursday, March 13th. They issued a "buy" rating and a $140.00 price objective on the stock. StockNews.com upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research report on Friday. Finally, UBS Group reduced their target price on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.70.

United Parcel Service Trading Down 0.2 %

Shares of UPS stock traded down $0.16 during trading hours on Monday, reaching $96.27. The company's stock had a trading volume of 3,928,807 shares, compared to its average volume of 4,826,897. 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 stock has a market capitalization of $82.23 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.55 and a beta of 1.10. The firm's fifty day simple moving average is $110.40 and its 200 day simple moving average is $122.61. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last posted 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 period in the previous year, the business posted $2.47 earnings per share. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given 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 6.81%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

United Parcel Service Company 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.