CANADA LIFE ASSURANCE Co cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 29.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 519,161 shares of the transportation company's stock after selling 215,259 shares during the period. CANADA LIFE ASSURANCE Co owned 0.06% of United Parcel Service worth $65,425,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the business. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $26,000. IFS Advisors LLC increased its stake in shares of United Parcel Service by 232.3% in 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. Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC bought a new stake in United Parcel Service in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 60.26% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Galvan Research lowered their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. UBS Group decreased their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price target for the company. Truist Financial initiated coverage on United Parcel Service in a research note on Thursday, March 13th. They issued a "buy" rating and a $140.00 price target on the stock. Finally, The Goldman Sachs Group decreased their price objective on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.74.
Get Our Latest Analysis on United Parcel Service
United Parcel Service Stock Performance
United Parcel Service stock traded up $1.10 during trading hours on Tuesday, hitting $97.35. The company had a trading volume of 1,037,860 shares, compared to its average volume of 4,812,376. The firm has a market cap of $83.16 billion, a PE ratio of 14.40, a PEG ratio of 1.55 and a beta of 1.10. 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 one year low of $90.55 and a one year high of $153.42. The firm has a 50-day moving average of $110.04 and a 200 day moving average of $122.36.
United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data 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 previous year, the business posted $2.47 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.
United Parcel Service Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.74%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is currently 97.04%.
United Parcel Service Profile
(
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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