United Parcel Service, Inc. (NYSE:UPS) Shares Sold by CFO4Life Group LLC

CFO4Life Group LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316,288 shares of the transportation company's stock after selling 3,759 shares during the quarter. United Parcel Service accounts for approximately 7.0% of CFO4Life Group LLC's holdings, making the stock its 2nd largest position. CFO4Life Group LLC's holdings in United Parcel Service were worth $39,884,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after purchasing an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $461,000. Synovus Financial Corp lifted its holdings in shares of United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock worth $11,934,000 after purchasing an additional 6,941 shares during the last quarter. HF Advisory Group LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after purchasing an additional 28,108 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $115.17 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $98.37 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.55 and a beta of 0.94. The stock's fifty day simple moving average is $121.23 and its 200 day simple moving average is $127.55. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95.

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United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous year, the business posted $2.47 EPS. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.70%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's payout ratio is presently 97.04%.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent research reports. UBS Group cut their price target on United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a report on Friday, January 31st. BMO Capital Markets raised United Parcel Service from a "market perform" rating to an "outperform" rating and cut their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Bank of America cut their target price on United Parcel Service from $150.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Wolfe Research raised United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

United Parcel Service Company 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.

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