United Parcel Service, Inc. (NYSE:UPS) Position Reduced by SouthState Corp

SouthState Corp reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 13.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,325 shares of the transportation company’s stock after selling 1,274 shares during the quarter. SouthState Corp’s holdings in United Parcel Service were worth $1,050,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Pacific Sage Partners LLC raised its stake in United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after buying an additional 77 shares during the period. Banco Santander S.A. raised its position in shares of United Parcel Service by 0.6% during the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after purchasing an additional 79 shares during the period. Quent Capital LLC raised its position in shares of United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after purchasing an additional 80 shares during the period. Tradewinds LLC. lifted its holdings in shares of United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 81 shares in the last quarter. Finally, Gleason Group Inc. grew its position in shares of United Parcel Service by 1.3% in the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock valued at $840,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $118.13 on Tuesday. The company’s 50-day moving average is $120.79 and its 200-day moving average is $127.32. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market capitalization of $100.91 billion, a PE ratio of 17.48, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the business posted $2.47 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.55%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s payout ratio is 97.04%.

Analyst Ratings Changes

A number of research analysts have weighed in on UPS shares. Morgan Stanley cut their price target on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. UBS Group reduced their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group dropped their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Susquehanna cut their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.09.

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.