United Parcel Service, Inc. $UPS Stock Position Raised by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 146.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,690 shares of the transportation company’s stock after acquiring an additional 11,693 shares during the quarter. Global Retirement Partners LLC’s holdings in United Parcel Service were worth $1,953,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Westbourne Investments Inc. lifted its position in shares of United Parcel Service by 1.2% in the 4th quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock valued at $781,000 after acquiring an additional 91 shares in the last quarter. Webster Bank N. A. lifted its position in shares of United Parcel Service by 16.7% in the 4th quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 100 shares in the last quarter. Peoples Financial Services CORP. lifted its position in shares of United Parcel Service by 2.5% in the 4th quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 100 shares in the last quarter. Argyle Capital Management LLC lifted its position in shares of United Parcel Service by 0.4% in the 4th quarter. Argyle Capital Management LLC now owns 27,505 shares of the transportation company’s stock valued at $2,728,000 after acquiring an additional 100 shares in the last quarter. Finally, Spurstone Advisory Services LLC lifted its position in shares of United Parcel Service by 2.7% in the 4th quarter. Spurstone Advisory Services LLC now owns 3,742 shares of the transportation company’s stock valued at $371,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Oppenheimer upped their price target on shares of United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Susquehanna upped 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. Evercore reduced their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Truist Financial upped their price target on shares of United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group upped their price objective on shares of United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Stock Up 2.9%

United Parcel Service stock opened at $101.12 on Friday. The firm has a market cap of $85.96 billion, a PE ratio of 16.36, a P/E/G ratio of 1.61 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s 50 day moving average price is $100.34 and its two-hundred day moving average price is $102.72. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion for 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 revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.49 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be paid a dividend of $1.64 per share. The ex-dividend date is Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.5%. United Parcel Service’s dividend payout ratio is 106.15%.

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.