United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Trek Financial LLC

Trek Financial LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 43.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,804 shares of the transportation company’s stock after purchasing an additional 2,050 shares during the quarter. Trek Financial LLC’s holdings in United Parcel Service were worth $858,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. FMR LLC lifted its holdings in United Parcel Service by 2.5% during the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock worth $1,373,964,000 after buying an additional 268,278 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its stake in United Parcel Service by 242.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,300 shares of the transportation company’s stock worth $164,000 after purchasing an additional 920 shares during the last quarter. Federated Hermes Inc. boosted its holdings in United Parcel Service by 2.1% in the fourth quarter. Federated Hermes Inc. now owns 1,624,016 shares of the transportation company’s stock worth $204,788,000 after purchasing an additional 33,292 shares during the period. Clarkston Capital Partners LLC increased its stake in United Parcel Service by 2.8% during the fourth quarter. Clarkston Capital Partners LLC now owns 209,886 shares of the transportation company’s stock valued at $26,467,000 after purchasing an additional 5,792 shares during the last quarter. Finally, Peapack Gladstone Financial Corp raised its holdings in shares of United Parcel Service by 7.4% during the fourth quarter. Peapack Gladstone Financial Corp now owns 89,261 shares of the transportation company’s stock worth $11,254,000 after purchasing an additional 6,157 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UPS shares. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Susquehanna cut their price target on United Parcel Service from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, April 1st. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $160.00 to $130.00 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 target price on the stock in a research report on Wednesday, January 8th. Finally, Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.18.

United Parcel Service Stock Down 2.5 %

Shares of UPS stock opened at $97.62 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market cap of $83.39 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The business’s fifty day moving average is $115.82 and its 200-day moving average is $125.57. United Parcel Service, Inc. has a 1 year low of $94.87 and a 1 year high of $153.42.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company earned $2.47 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 6.72%. United Parcel Service’s dividend payout ratio is currently 97.04%.

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.