United Parcel Service, Inc. (NYSE:UPS) Holdings Decreased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd decreased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 71.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,299 shares of the transportation company's stock after selling 122,800 shares during the period. UniSuper Management Pty Ltd's holdings in United Parcel Service were worth $6,091,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. IMG Wealth Management Inc. purchased a new position in United Parcel Service in the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $26,000. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after purchasing an additional 171 shares during the period. IFS Advisors LLC grew its holdings 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 purchasing an additional 151 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new stake in United Parcel Service during the 4th quarter worth $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of UPS opened at $110.00 on Tuesday. 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 company has a market cap of $93.96 billion, a P/E ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 12 month low of $108.30 and a 12 month high of $154.29. The stock has a fifty day moving average price of $118.12 and a 200 day moving average price of $126.27.

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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 for the quarter, topping analysts' consensus estimates 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 firm posted $2.47 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current 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 dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.96%. United Parcel Service's payout ratio is currently 97.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Robert W. Baird cut shares of United Parcel Service from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $160.00 to $130.00 in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target on United Parcel Service from $128.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Raymond James dropped their price objective on United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating on the stock in a report on Friday, January 31st. Susquehanna reduced their target price on United Parcel Service from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Truist Financial assumed coverage on shares of United Parcel Service in a research note on Thursday, March 13th. They issued a "buy" rating and a $140.00 price target for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $136.26.

United Parcel Service 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.