NewEdge Advisors LLC Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

NewEdge Advisors LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 92,100 shares of the transportation company’s stock after selling 1,478 shares during the period. NewEdge Advisors LLC’s holdings in United Parcel Service were worth $11,614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. NFJ Investment Group LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at $1,633,000. Evergreen Capital Management LLC raised its position in shares of United Parcel Service by 7.3% in the fourth quarter. Evergreen Capital Management LLC now owns 158,276 shares of the transportation company’s stock worth $19,959,000 after acquiring an additional 10,720 shares during the period. Acorns Advisers LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth about $205,000. Finward Bancorp acquired a new stake in shares of United Parcel Service during the 4th quarter valued at about $449,000. Finally, Regal Investment Advisors LLC increased its stake in shares of United Parcel Service by 6.1% in the 4th quarter. Regal Investment Advisors LLC now owns 11,567 shares of the transportation company’s stock valued at $1,459,000 after purchasing an additional 662 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $96.34 on Friday. The company’s 50-day moving average is $110.76 and its two-hundred day moving average is $122.99. The firm has a market capitalization of $82.29 billion, a price-to-earnings ratio of 14.25, 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. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $153.42.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the firm earned $2.47 EPS. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current 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 given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.81%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. Loop Capital dropped their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Evercore ISI increased their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday, January 22nd. Truist Financial started coverage on shares of United Parcel Service in a research note on Thursday, March 13th. They set a “buy” rating and a $140.00 target price for the company. Finally, Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $129.70.

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.