2,552 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Howe & Rusling Inc.

Howe & Rusling Inc. bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,552 shares of the transportation company’s stock, valued at approximately $322,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC grew its holdings in shares of United Parcel Service by 5.0% during the third quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company’s stock worth $16,916,000 after buying an additional 5,956 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in United Parcel Service by 3.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 586,735 shares of the transportation company’s stock valued at $79,995,000 after acquiring an additional 17,378 shares in the last quarter. Townsquare Capital LLC grew its stake in United Parcel Service by 7.0% during the 3rd quarter. Townsquare Capital LLC now owns 82,858 shares of the transportation company’s stock valued at $11,297,000 after acquiring an additional 5,444 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in United Parcel Service by 23.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 14,532 shares of the transportation company’s stock valued at $1,981,000 after acquiring an additional 2,720 shares during the last quarter. Finally, Providence Capital Advisors LLC lifted its stake in United Parcel Service by 27.7% in the 3rd quarter. Providence Capital Advisors LLC now owns 25,795 shares of the transportation company’s stock worth $3,517,000 after purchasing an additional 5,597 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.0 %

NYSE UPS opened at $111.05 on Friday. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $154.29. The firm has a 50 day simple moving average of $118.92 and a 200-day simple moving average of $126.58. The firm has a market cap of $94.85 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

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

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.91%. United Parcel Service’s dividend payout ratio is 97.04%.

Analysts Set New Price Targets

Several equities research analysts recently commented on UPS shares. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price target for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Truist Financial started coverage on United Parcel Service in a research note on Thursday, March 13th. They issued a “buy” rating and a $140.00 target price for the company. Bank of America lowered their price target on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $137.57.

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.