SteelPeak Wealth LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 85.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,580 shares of the transportation company’s stock after selling 27,189 shares during the quarter. SteelPeak Wealth LLC’s holdings in United Parcel Service were worth $578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after acquiring an additional 33,989 shares during the period. Synovus Financial Corp boosted its holdings in United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after purchasing an additional 6,941 shares during the last quarter. Van ECK Associates Corp boosted its holdings in United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. HF Advisory Group LLC bought a new stake in United Parcel Service in the 4th quarter worth approximately $1,305,000. Finally, Cohen Investment Advisors LLC lifted its holdings in shares of United Parcel Service by 26.4% during the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after buying an additional 3,835 shares during the period. 60.26% of the stock is owned by institutional investors.
United Parcel Service Stock Down 14.1 %
UPS opened at $114.94 on Friday. The company has a market capitalization of $98.09 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The firm has a 50-day simple moving average of $129.05 and a two-hundred day simple moving average of $130.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 52 week low of $109.62 and a 52 week high of $158.95.
United Parcel Service Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.67%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.
Analysts Set New Price Targets
UPS has been the subject of several research analyst reports. Barclays reaffirmed an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI boosted their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Stifel Nicolaus decreased their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Susquehanna boosted their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.24.
Get Our Latest Research Report on UPS
Insiders Place Their Bets
In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.
United Parcel Service 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.
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