Voya Investment Management LLC Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Voya Investment Management LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 561,761 shares of the transportation company’s stock after selling 13,688 shares during the quarter. Voya Investment Management LLC’s holdings in United Parcel Service were worth $70,838,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in UPS. Integrated Wealth Concepts LLC increased its holdings in United Parcel Service by 10.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 53,093 shares of the transportation company’s stock worth $6,695,000 after buying an additional 4,897 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of United Parcel Service by 67.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 50,740 shares of the transportation company’s stock worth $6,351,000 after acquiring an additional 20,440 shares during the period. Evercore Wealth Management LLC lifted its position in United Parcel Service by 37.3% during the fourth quarter. Evercore Wealth Management LLC now owns 62,117 shares of the transportation company’s stock valued at $7,833,000 after purchasing an additional 16,880 shares during the period. Syon Capital LLC lifted its position in United Parcel Service by 18.5% during the fourth quarter. Syon Capital LLC now owns 5,316 shares of the transportation company’s stock valued at $670,000 after purchasing an additional 831 shares during the period. Finally, 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 valued at $5,997,000 after purchasing an additional 7,246 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of several analyst reports. Truist Financial decreased their price objective on United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley lowered their price objective on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus cut their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, UBS Group cut their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.30.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $98.90 on Friday. The firm has a 50-day simple moving average of $108.93 and a 200-day simple moving average of $121.79. 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 stock has a market capitalization of $84.48 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $153.42.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates 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 business posted $2.47 earnings per share. On average, equities 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.63%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is 97.04%.

United Parcel Service 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.