Commonwealth Retirement Investments LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 19.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,959 shares of the transportation company’s stock after selling 9,848 shares during the quarter. United Parcel Service accounts for 1.3% of Commonwealth Retirement Investments LLC’s portfolio, making the stock its 23rd biggest holding. Commonwealth Retirement Investments LLC’s holdings in United Parcel Service were worth $4,063,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in United Parcel Service by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after acquiring an additional 1,218,432 shares during the period. State Street Corp lifted its holdings in shares of United Parcel Service by 0.9% in the 3rd quarter. State Street Corp now owns 31,063,250 shares of the transportation company’s stock worth $2,594,713,000 after buying an additional 288,720 shares during the period. Geode Capital Management LLC lifted its holdings in shares of United Parcel Service by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock worth $1,703,291,000 after buying an additional 240,253 shares during the period. Norges Bank purchased a new stake in shares of United Parcel Service in the 4th quarter worth $902,446,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of United Parcel Service by 10.5% in the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after buying an additional 761,217 shares during the period. Institutional investors own 60.26% of the company’s stock.
Analysts Set New Price Targets
UPS has been the subject of several research reports. Evercore lowered their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Susquehanna upped 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. UBS Group lowered their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, Citigroup upped their target price on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $111.50.
United Parcel Service Price Performance
Shares of UPS stock opened at $107.75 on Tuesday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The stock’s 50-day moving average is $102.39 and its 200 day moving average is $103.73. The company has a market cap of $91.59 billion, a P/E ratio of 17.44, a PEG ratio of 1.73 and a beta of 1.05. 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 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 earnings per share. Research analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.
United Parcel Service Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio is presently 106.15%.
About United Parcel Service
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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