Legato Capital Management LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 25,000 shares of the transportation company’s stock, valued at approximately $2,480,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Coston McIsaac & Partners raised its holdings in United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Torren Management LLC purchased a new stake in shares of United Parcel Service during the fourth quarter valued at about $29,000. Physician Wealth Advisors Inc. boosted its holdings in shares of United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after buying an additional 163 shares in the last quarter. Winch Advisory Services LLC boosted its holdings in shares of United Parcel Service by 37.3% in the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock valued at $38,000 after buying an additional 124 shares in the last quarter. Finally, Activest Wealth Management grew its position in shares of United Parcel Service by 144.3% in the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock worth $40,000 after buying an additional 241 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.
United Parcel Service Stock Up 2.9%
NYSE:UPS opened at $101.12 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a market cap of $85.96 billion, a PE ratio of 16.36, a P/E/G ratio of 1.56 and a beta of 1.06. The company’s 50 day moving average is $100.34 and its two-hundred day moving average is $102.72.
United Parcel Service Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be paid a $1.64 dividend. The ex-dividend date is Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.5%. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.
Analyst Ratings Changes
UPS has been the subject of a number of analyst reports. Stephens increased their target price on shares of United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. TD Cowen lifted their price target on shares of United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. upped their price target on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Truist Financial increased their price objective on United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, BMO Capital Markets raised their price objective on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $111.50.
Read Our Latest Analysis on United Parcel Service
United Parcel Service Company Profile
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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