United Parcel Service, Inc. (NYSE:UPS) Shares Sold by London Co. of Virginia

London Co. of Virginia trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,229,677 shares of the transportation company’s stock after selling 116,240 shares during the period. London Co. of Virginia owned approximately 0.14% of United Parcel Service worth $155,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $26,000. IFS Advisors LLC lifted its stake in United Parcel Service by 232.3% during the 4th 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 period. Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Down 1.1%

Shares of UPS opened at $95.92 on Monday. 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, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42. The firm has a 50-day moving average price of $104.28 and a 200 day moving average price of $118.70. The firm has a market capitalization of $81.93 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. United Parcel Service’s quarterly revenue was down .9% on a year-over-year basis. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service’s dividend payout ratio is currently 95.63%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UPS shares. Truist Financial decreased their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Susquehanna reduced their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Wolfe Research reduced their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. StockNews.com cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group reduced 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 research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $120.87.

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.