Castlekeep Investment Advisors LLC Invests $145.85 Million in United Parcel Service, Inc. (NYSE:UPS)

Castlekeep Investment Advisors LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,156,589 shares of the transportation company's stock, valued at approximately $145,846,000. Castlekeep Investment Advisors LLC owned 0.14% of United Parcel Service as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UPS. Chapman Financial Group LLC bought a new stake in United Parcel Service during the 4th quarter valued at $796,000. Benjamin Edwards Inc. raised its holdings in shares of United Parcel Service by 2.5% in the 4th quarter. Benjamin Edwards Inc. now owns 150,525 shares of the transportation company's stock worth $18,983,000 after acquiring an additional 3,714 shares during the last quarter. BIP Wealth LLC bought a new position in United Parcel Service in the 4th quarter valued at about $366,000. BLI Banque de Luxembourg Investments acquired a new position in United Parcel Service during the 4th quarter valued at about $9,871,000. Finally, Alpha Family Trust bought a new stake in United Parcel Service during the 4th quarter worth approximately $252,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $1.62 during midday trading on Tuesday, hitting $93.94. The company's stock had a trading volume of 5,135,862 shares, compared to its average volume of 4,974,620. The company has a market cap of $80.24 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42. The business's 50 day simple moving average is $105.64 and its 200 day simple moving average is $119.58. 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 - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the company earned $1.43 EPS. The company's revenue for the quarter was down .9% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current 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 given a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.98%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Wall Street Analyst Weigh In

UPS has been the subject of several recent analyst reports. Truist Financial reduced their target price on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Susquehanna dropped their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Galvan Research reduced their target price on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, UBS Group cut 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 report on Thursday, April 3rd. Two 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's stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and an average target price of $120.87.

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.