Fiduciary Group LLC Has $1.32 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Fiduciary Group LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,486 shares of the transportation company’s stock after selling 611 shares during the quarter. Fiduciary Group LLC’s holdings in United Parcel Service were worth $1,322,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service in the fourth quarter valued at about $26,000. True Wealth Design LLC boosted its stake in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. IFS Advisors LLC grew its position in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in United Parcel Service during the third quarter worth about $36,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UPS. Evercore ISI lifted their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday, January 22nd. Truist Financial assumed coverage on shares of United Parcel Service in a report on Thursday, March 13th. They set a “buy” rating and a $140.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a report on Friday, March 7th. They set a “hold” rating and a $119.00 price objective on the stock. Raymond James lowered their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a report on Friday, January 31st. Finally, Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.09.

United Parcel Service Price Performance

UPS stock opened at $117.00 on Friday. 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 firm has a market cap of $99.94 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.55 and a beta of 0.94. The company’s fifty day simple moving average is $120.29 and its 200 day simple moving average is $127.11. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 prior year, the business posted $2.47 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share 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 dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.61%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is presently 97.04%.

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.