Nemes Rush Group LLC Sells 9,524 Shares of United Parcel Service, Inc. (NYSE:UPS)

Nemes Rush Group LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 84.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,769 shares of the transportation company's stock after selling 9,524 shares during the period. Nemes Rush Group LLC's holdings in United Parcel Service were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pacific Sage Partners LLC raised its position in shares of United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock worth $212,000 after buying an additional 77 shares in the last quarter. Quent Capital LLC increased its position in shares of United Parcel Service by 16.7% during the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock valued at $70,000 after purchasing an additional 80 shares during the period. Gleason Group Inc. raised its stake in shares of United Parcel Service by 1.3% in the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company's stock worth $840,000 after buying an additional 84 shares in the last quarter. Dunhill Financial LLC lifted its holdings in shares of United Parcel Service by 4.9% in the third quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company's stock valued at $250,000 after buying an additional 86 shares during the period. Finally, Weaver Consulting Group boosted its stake in United Parcel Service by 3.0% during the third quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company's stock valued at $416,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

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United Parcel Service Stock Up 0.8 %

Shares of UPS traded up $0.90 during mid-day trading on Wednesday, hitting $110.16. 4,509,181 shares of the company's stock were exchanged, compared to its average volume of 4,669,280. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a twelve month low of $106.68 and a twelve month high of $154.29. The firm has a fifty day moving average of $117.20 and a two-hundred day moving average of $126.04. The stock has a market cap of $94.10 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 last year, the company earned $2.47 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. 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 5.95%. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UPS. UBS Group lowered their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Baird R W cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Wells Fargo & Company reduced their price objective on United Parcel Service from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Truist Financial began coverage on United Parcel Service in a report on Thursday, March 13th. They set a "buy" rating and a $140.00 target price for the company. Finally, Loop Capital dropped their price target on United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.83.

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.