TrueMark Investments LLC Has $4.65 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

TrueMark Investments LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,895 shares of the transportation company's stock after buying an additional 3,132 shares during the quarter. United Parcel Service makes up 1.5% of TrueMark Investments LLC's portfolio, making the stock its 24th largest position. TrueMark Investments LLC's holdings in United Parcel Service were worth $4,652,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UPS. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $26,000. IFS Advisors LLC increased its holdings in shares of United Parcel Service by 232.3% in the fourth 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. True Wealth Design LLC raised its position in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the 4th quarter worth $30,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 1.2 %

Shares of United Parcel Service stock traded down $1.36 on Friday, hitting $109.66. The company had a trading volume of 3,282,367 shares, compared to its average volume of 4,661,575. The stock has a 50-day moving average of $118.52 and a 200-day moving average of $126.42. 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 twelve month low of $109.40 and a twelve month high of $154.29. The firm has a market capitalization of $93.66 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.55 and a beta of 0.94.

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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 company earned $2.47 earnings per share. Research analysts predict 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 declared 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. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.98%. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Evercore ISI boosted their target price on 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. Stifel Nicolaus cut their target price on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. UBS Group cut 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 report on Friday, January 31st. Finally, Truist Financial initiated coverage on shares of United Parcel Service in a report on Thursday, March 13th. They set a "buy" rating and a $140.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $137.57.

About United Parcel Service

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.