Keystone Financial Group Purchases 2,330 Shares of United Parcel Service, Inc. (NYSE:UPS)

Keystone Financial Group increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,753 shares of the transportation company’s stock after purchasing an additional 2,330 shares during the period. Keystone Financial Group’s holdings in United Parcel Service were worth $1,331,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pacific Sage Partners LLC lifted its stake in shares of United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares during the last quarter. Quent Capital LLC lifted its position in United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after buying an additional 80 shares during the last quarter. Gleason Group Inc. boosted its stake in United Parcel Service by 1.3% during the fourth quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock worth $840,000 after buying an additional 84 shares during the period. Versant Capital Management Inc increased its position in shares of United Parcel Service by 2.5% during the fourth quarter. Versant Capital Management Inc now owns 3,583 shares of the transportation company’s stock valued at $452,000 after acquiring an additional 89 shares during the last quarter. Finally, Altus Wealth Group LLC raised its stake in shares of United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock valued at $255,000 after acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.4 %

Shares of United Parcel Service stock opened at $96.95 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company has a fifty day simple moving average of $112.11 and a 200-day simple moving average of $123.97. The stock has a market cap of $82.81 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business earned $2.47 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS 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. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.77%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on UPS shares. Truist Financial started 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 for the company. Bank of America decreased their target price on United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. UBS Group reduced their price target on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Finally, Susquehanna dropped their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $131.32.

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.