NorthRock Partners LLC Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

NorthRock Partners LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 213.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,470 shares of the transportation company’s stock after acquiring an additional 8,498 shares during the period. NorthRock Partners LLC’s holdings in United Parcel Service were worth $1,572,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UPS. IMG Wealth Management Inc. purchased a new stake in United Parcel Service during the fourth quarter worth $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service in the fourth quarter worth about $26,000. IFS Advisors LLC raised its position in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service in the fourth quarter worth about $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of United Parcel Service in the fourth quarter worth about $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UPS has been the subject of a number of analyst reports. HSBC downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research report on Thursday, May 1st. Truist Financial decreased their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Barclays decreased their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research report on Monday, March 31st. StockNews.com downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Finally, Oppenheimer decreased their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $120.87.

United Parcel Service Stock Performance

NYSE:UPS opened at $99.54 on Thursday. The company’s 50-day moving average price is $103.07 and its 200-day moving average price is $118.19. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company has a market cap of $85.02 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $150.03.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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 given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.59%. The ex-dividend date is Monday, May 19th. United Parcel Service’s payout ratio is currently 95.63%.

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.