Truist Financial Corp Has $65.46 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Truist Financial Corp lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,111 shares of the transportation company's stock after selling 57,718 shares during the period. Truist Financial Corp owned approximately 0.06% of United Parcel Service worth $65,460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cigna Investments Inc. New boosted its holdings in shares of United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company's stock valued at $1,024,000 after buying an additional 75 shares during the period. Pacific Sage Partners LLC boosted its stake 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 worth $212,000 after purchasing an additional 77 shares during the period. Banco Santander S.A. increased its holdings in United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company's stock worth $1,717,000 after purchasing an additional 79 shares in the last quarter. Quent Capital LLC raised its stake in shares of United Parcel Service by 16.7% in 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. Finally, Tradewinds LLC. raised its stake in shares of United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company's stock valued at $612,000 after purchasing an additional 81 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Loop Capital reduced their price target on United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a research report on Monday, February 3rd. Susquehanna cut their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Oppenheimer increased their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and lowered their price target for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $140.73.

United Parcel Service Stock Performance

UPS traded down $0.25 on Friday, reaching $116.35. The company had a trading volume of 6,455,199 shares, compared to its average volume of 6,637,967. The stock has a market cap of $99.29 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.52 and a beta of 0.98. 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, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. The company's fifty day moving average is $123.21 and its 200 day moving average is $128.33.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS 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 period in the prior year, the business earned $2.47 EPS. As a group, analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.64%. United Parcel Service's dividend payout ratio (DPR) is presently 97.04%.

Insider Activity

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

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.