Summitry LLC Boosts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Summitry LLC increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,638 shares of the transportation company's stock after acquiring an additional 3,196 shares during the quarter. Summitry LLC's holdings in United Parcel Service were worth $4,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the 4th quarter valued at about $26,000. IFS Advisors LLC raised 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 valued at $27,000 after acquiring an additional 151 shares during the last quarter. True Wealth Design LLC lifted its position in United Parcel Service by 397.7% during the 3rd 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 period. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UPS shares. JPMorgan Chase & Co. cut their price target on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Raymond James cut their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a research note on Friday, March 7th. They issued a "hold" rating and a $119.00 target price for the company. Morgan Stanley cut their price target 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, Loop Capital reduced their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has a consensus rating of "Moderate Buy" and a consensus target price of $137.57.

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United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $1.36 during trading on Friday, hitting $109.66. 3,282,367 shares of the company were exchanged, compared to its average volume of 4,661,575. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $154.29. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average price of $118.52 and a 200 day moving average price of $126.42. The stock has a market capitalization of $93.66 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the previous year, the business earned $2.47 earnings per share. On average, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm 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. 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 5.98%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's payout ratio 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.