United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 22.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,021 shares of the transportation company’s stock after selling 859 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in United Parcel Service were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in UPS. International Assets Investment Management LLC boosted its holdings in United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after buying an additional 14,410,073 shares in the last quarter. Norges Bank acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $1,255,623,000. Moneta Group Investment Advisors LLC boosted its stake in shares of United Parcel Service by 105,818.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock worth $732,833,000 after acquiring an additional 4,211,580 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of United Parcel Service by 31.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares during the last quarter. Finally, Morgan Stanley raised its holdings in United Parcel Service by 33.7% during the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after buying an additional 1,949,775 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of several analyst reports. Raymond James dropped their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. Morgan Stanley raised their target price on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. HSBC dropped their price target on United Parcel Service from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Finally, Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $165.61.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Performance

UPS stock traded down $0.08 during midday trading on Thursday, hitting $142.17. 1,784,306 shares of the company traded hands, compared to its average volume of 4,287,091. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80. The stock has a market capitalization of $121.22 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The business has a 50 day simple moving average of $149.65 and a 200-day simple moving average of $151.34.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. United Parcel Service’s revenue was down 7.8% compared to the same quarter last year. During the same period last year, the business posted $3.62 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 8.2 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.59%. United Parcel Service’s payout ratio is presently 83.70%.

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.