Colonial Trust Co SC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 38.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,154 shares of the transportation company’s stock after selling 6,332 shares during the period. Colonial Trust Co SC’s holdings in United Parcel Service were worth $1,007,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of UPS. Vanguard Group Inc. raised its holdings in United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock worth $6,794,160,000 after purchasing an additional 1,218,432 shares during the last quarter. State Street Corp grew its holdings in United Parcel Service by 0.9% in the third quarter. State Street Corp now owns 31,063,250 shares of the transportation company’s stock valued at $2,594,713,000 after purchasing an additional 288,720 shares during the last quarter. Geode Capital Management LLC increased its position in shares of United Parcel Service by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock valued at $1,703,291,000 after buying an additional 240,253 shares in the last quarter. Norges Bank purchased a new position in shares of United Parcel Service in the fourth quarter valued at $902,446,000. Finally, Victory Capital Management Inc. raised its stake in shares of United Parcel Service by 10.5% during 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 last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Price Performance
NYSE:UPS opened at $108.65 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The firm has a market cap of $92.35 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. The company’s 50-day moving average is $103.03 and its two-hundred day moving average is $104.03. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 6.0%. United Parcel Service’s payout ratio is 106.15%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on UPS shares. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Evercore reduced their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Susquehanna increased their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Citigroup lifted their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, UBS Group reduced their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. One equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $111.50.
Get Our Latest Report 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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