Cerity Partners LLC Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cerity Partners LLC cut its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 418,758 shares of the transportation company's stock after selling 25,037 shares during the quarter. Cerity Partners LLC's holdings in United Parcel Service were worth $53,151,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Pacific Sage Partners LLC grew its position in United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock valued at $212,000 after buying an additional 77 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock valued at $70,000 after acquiring an additional 80 shares in the last quarter. Gleason Group Inc. increased its stake in shares of United Parcel Service by 1.3% during the fourth quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company's stock worth $840,000 after acquiring an additional 84 shares during the period. Versant Capital Management Inc raised its holdings in United Parcel Service by 2.5% during the fourth quarter. Versant Capital Management Inc now owns 3,583 shares of the transportation company's stock worth $452,000 after purchasing an additional 89 shares in the last quarter. Finally, Altus Wealth Group LLC lifted its position in United Parcel Service by 4.6% in the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock valued at $255,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

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United Parcel Service Price Performance

United Parcel Service stock traded up $0.06 during midday trading on Friday, reaching $96.62. 2,304,450 shares of the company were exchanged, compared to its average volume of 4,786,458. The firm's 50-day simple moving average is $112.40 and its 200-day simple moving average is $124.21. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42. The company has a market capitalization of $82.53 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

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

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. 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 yield of 6.79%. United Parcel Service's payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Loop Capital cut their target price on United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. Evercore ISI increased their price objective 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. Truist Financial initiated coverage on shares of United Parcel Service in a research report on Thursday, March 13th. They set a "buy" rating and a $140.00 target price on the stock. Stifel Nicolaus cut their price target on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, UBS Group reduced their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $131.32.

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.