United Parcel Service, Inc. (NYSE:UPS) Shares Sold by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 29,735 shares of the transportation company’s stock after selling 1,289 shares during the quarter. GLOBALT Investments LLC GA’s holdings in United Parcel Service were worth $3,750,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Signature Wealth Management Group grew its holdings in shares of United Parcel Service by 3.9% during the 4th quarter. Signature Wealth Management Group now owns 26,197 shares of the transportation company’s stock worth $3,303,000 after purchasing an additional 995 shares during the period. First National Advisers LLC grew its holdings in shares of United Parcel Service by 3.4% during the 4th quarter. First National Advisers LLC now owns 12,848 shares of the transportation company’s stock worth $1,620,000 after purchasing an additional 427 shares during the period. GWN Securities Inc. purchased a new position in shares of United Parcel Service during the 4th quarter worth $247,000. Altus Wealth Group LLC grew its holdings in shares of United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after purchasing an additional 89 shares during the period. Finally, Collaborative Wealth Managment Inc. boosted its holdings in United Parcel Service by 95.2% during the 4th quarter. Collaborative Wealth Managment Inc. now owns 4,306 shares of the transportation company’s stock valued at $543,000 after acquiring an additional 2,100 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on UPS. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They set a “hold” rating and a $119.00 target price for the company. UBS Group lowered their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Truist Financial began coverage on United Parcel Service in a report on Thursday. They set a “buy” rating and a $140.00 target price for the company. Finally, Susquehanna lowered their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Trading Up 1.4 %

UPS opened at $116.90 on Monday. The firm has a market cap of $99.85 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The business’s 50 day moving average is $120.91 and its two-hundred day moving average is $127.38. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS 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 last year, the business earned $2.47 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.61%. United Parcel Service’s payout ratio is 97.04%.

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.