United Parcel Service, Inc. (NYSE:UPS) Stock Position Decreased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. decreased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 673,800 shares of the transportation company's stock after selling 16,700 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.08% of United Parcel Service worth $84,966,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Syon Capital LLC grew its position in United Parcel Service by 18.5% in the fourth quarter. Syon Capital LLC now owns 5,316 shares of the transportation company's stock worth $670,000 after acquiring an additional 831 shares in the last quarter. Sompo Asset Management Co. Ltd. boosted its holdings in United Parcel Service by 18.0% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 47,559 shares of the transportation company's stock worth $5,997,000 after purchasing an additional 7,246 shares in the last quarter. Pinebridge Investments L.P. increased its position in United Parcel Service by 14.8% during the fourth quarter. Pinebridge Investments L.P. now owns 498,619 shares of the transportation company's stock worth $62,876,000 after buying an additional 64,321 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in United Parcel Service by 19.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock valued at $815,102,000 after buying an additional 1,064,293 shares in the last quarter. Finally, Alta Advisers Ltd lifted its position in shares of United Parcel Service by 26.0% in the fourth quarter. Alta Advisers Ltd now owns 2,394 shares of the transportation company's stock worth $302,000 after buying an additional 494 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Up 0.5 %

NYSE UPS opened at $97.31 on Thursday. 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 $83.12 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.55 and a beta of 1.10. The stock's 50 day moving average is $109.28 and its two-hundred day moving average is $122.01. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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 net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the firm posted $2.47 EPS. Equities 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a yield of 6.74%. United Parcel Service's dividend payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Barclays dropped their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a report on Friday, January 31st. Truist Financial began coverage on shares of United Parcel Service in a report on Thursday, March 13th. They issued a "buy" rating and a $140.00 target price on the stock. Finally, Susquehanna lowered their price target on United Parcel Service from $130.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.74.

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.

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