AGP Franklin LLC Takes Position in United Parcel Service, Inc. (NYSE:UPS)

AGP Franklin LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 14,268 shares of the transportation company’s stock, valued at approximately $1,799,000.

A number of other hedge funds also recently bought and sold shares of UPS. IMG Wealth Management Inc. purchased a new position in shares of United Parcel Service during the 4th quarter worth $25,000. Generali Investments Management Co LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $26,000. IFS Advisors LLC increased its stake in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in shares of United Parcel Service in the fourth quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on UPS. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Truist Financial initiated coverage on shares of United Parcel Service in a report on Thursday, March 13th. They issued a “buy” rating and a $140.00 target price on the stock. StockNews.com cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Barclays decreased their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research report on Monday, March 31st. Finally, Bank of America decreased their price target on United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $131.32.

United Parcel Service Trading Up 1.4 %

NYSE:UPS opened at $98.46 on Tuesday. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $111.84 and a 200-day simple moving average of $123.66. The company has a market capitalization of $84.10 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the firm earned $2.47 EPS. On average, equities research 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

About United Parcel Service

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.