United Parcel Service, Inc. (NYSE:UPS) Shares Sold by First Foundation Advisors

First Foundation Advisors reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 319,161 shares of the transportation company’s stock after selling 1,113 shares during the period. United Parcel Service makes up approximately 1.5% of First Foundation Advisors’ portfolio, making the stock its 13th biggest position. First Foundation Advisors’ holdings in United Parcel Service were worth $40,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $26,000. IFS Advisors LLC boosted its holdings in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $34,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Truist Financial assumed coverage on United Parcel Service in a research note on Thursday, March 13th. They set a “buy” rating and a $140.00 price target for the company. Citigroup dropped their price target on United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a research report on Tuesday. Morgan Stanley dropped their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Barclays dropped their price target on 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $131.32.

United Parcel Service Stock Down 1.7 %

NYSE UPS opened at $97.96 on Thursday. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $153.42. The stock has a market capitalization of $83.67 billion, a PE ratio of 14.49, a PEG ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business has a fifty day moving average price of $112.70 and a two-hundred day moving average price of $124.44.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm posted $2.47 earnings per share. 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 disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.70%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s 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.