StoneX Group Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 33.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,722 shares of the transportation company's stock after purchasing an additional 4,462 shares during the quarter. StoneX Group Inc.'s holdings in United Parcel Service were worth $2,235,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter worth $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service in the fourth quarter valued at about $26,000. IFS Advisors LLC boosted its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after acquiring an additional 151 shares in the last quarter. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after acquiring an additional 171 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $30,000. 60.26% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Price Performance
NYSE UPS traded down $2.50 during trading hours on Friday, reaching $97.62. The company's stock had a trading volume of 9,564,186 shares, compared to its average volume of 4,720,954. The firm has a market capitalization of $83.39 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 1.55 and a beta of 0.94. The company's 50-day moving average is $115.82 and its two-hundred day moving average is $125.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $96.57 and a 1-year high of $153.42.
United Parcel Service (NYSE:UPS - Get Free Report) last announced 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 return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business posted $2.47 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.
United Parcel Service Increases Dividend
The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.72%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's payout ratio is currently 97.04%.
Analyst Ratings Changes
UPS has been the topic of several research analyst reports. Evercore ISI boosted their target price on shares of 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. BMO Capital Markets raised shares of United Parcel Service from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Barclays reduced their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday, March 31st. Stifel Nicolaus dropped their price target on United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, Bank of America reduced their price objective on United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $133.18.
Check Out Our Latest 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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