Benjamin Edwards Inc. Purchases 3,714 Shares of United Parcel Service, Inc. (NYSE:UPS)

Benjamin Edwards Inc. lifted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 150,525 shares of the transportation company's stock after acquiring an additional 3,714 shares during the quarter. Benjamin Edwards Inc.'s holdings in United Parcel Service were worth $18,983,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service in the 4th quarter valued at about $26,000. IFS Advisors LLC lifted its position in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after acquiring an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of United Parcel Service during the fourth quarter worth approximately $31,000. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial lowered their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Oppenheimer lowered their price target on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI increased their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an "in-line" rating in a research report on Wednesday, January 22nd. Morgan Stanley lowered their target price on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Finally, BMO Capital Markets cut their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $120.87.

United Parcel Service Price Performance

UPS stock traded down $0.82 during midday trading on Monday, reaching $95.58. 5,401,919 shares of the stock were exchanged, compared to its average volume of 4,962,302. 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 stock has a market capitalization of $81.64 billion, a PE ratio of 14.14, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $153.42. The company has a fifty day moving average price of $106.12 and a 200 day moving average price of $119.76.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The firm's revenue was down .9% compared to the same quarter last year. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 EPS 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 is a boost 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 dividend yield of 6.86%. United Parcel Service's payout ratio is currently 95.63%.

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.