Ceera Investments LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 34.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,536 shares of the transportation company’s stock after selling 5,628 shares during the quarter. Ceera Investments LLC’s holdings in United Parcel Service were worth $1,045,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in UPS. Allstate Corp boosted its stake in United Parcel Service by 106.2% during the 4th quarter. Allstate Corp now owns 53,556 shares of the transportation company’s stock valued at $5,312,000 after purchasing an additional 27,578 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its holdings in United Parcel Service by 161.2% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,671 shares of the transportation company’s stock valued at $463,000 after acquiring an additional 2,883 shares in the last quarter. Choate Investment Advisors raised its holdings in United Parcel Service by 604.1% in the 4th quarter. Choate Investment Advisors now owns 19,320 shares of the transportation company’s stock valued at $1,916,000 after acquiring an additional 16,576 shares in the last quarter. Rooted Wealth Advisors Inc. raised its holdings in United Parcel Service by 4.7% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 2,902 shares of the transportation company’s stock valued at $288,000 after acquiring an additional 129 shares in the last quarter. Finally, CYBER HORNET ETFs LLC raised its holdings in United Parcel Service by 6.0% in the 4th quarter. CYBER HORNET ETFs LLC now owns 2,117 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 119 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their target price on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Oppenheimer increased their target price on United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Wells Fargo & Company increased their target price on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Susquehanna increased their target price on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Truist Financial raised their price target on United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.50.
United Parcel Service Trading Up 0.1%
UPS stock opened at $101.12 on Tuesday. The business has a fifty day moving average price of $100.41 and a 200 day moving average price of $102.84. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The stock has a market capitalization of $85.96 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 1.61 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.
United Parcel Service (NYSE:UPS – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period last year, the firm posted $1.49 EPS. The business’s revenue was down 1.4% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post 7.1 EPS 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 4th. Shareholders of record on Monday, May 18th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.
United Parcel Service 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.
Featured Articles
- Five stocks we like better than United Parcel Service
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
- Microsoft Stock Discount May Be Ending as AI Catalysts Build
- Apparel Earnings Winners and Losers: Ralph Lauren Takes Off
- Why Walmart, Target and TJX Got Such Different Reactions After Earnings
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS – Free Report).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.
