Empire Financial Management Company LLC Purchases New Holdings in United Parcel Service, Inc. (NYSE:UPS)

Empire Financial Management Company LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,305 shares of the transportation company's stock, valued at approximately $1,426,000.

Several other institutional investors and hedge funds have also made changes to their positions in UPS. IMG Wealth Management Inc. purchased a new stake in United Parcel Service during the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $26,000. IFS Advisors LLC increased its stake 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 purchasing an additional 151 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service during the 4th quarter worth approximately $30,000. Finally, Transce3nd LLC acquired a new position in United Parcel Service during the 4th quarter worth $33,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 1.2 %

Shares of NYSE UPS traded down $1.21 during mid-day trading on Monday, hitting $96.71. 3,228,157 shares of the stock traded hands, compared to its average volume of 4,836,571. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a fifty day moving average price of $108.58 and a 200-day moving average price of $121.40. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $153.42. The company has a market cap of $82.60 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 period in the prior year, the business posted $2.47 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase 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 6.78%. United Parcel Service's dividend payout ratio is presently 97.04%.

Analysts Set New Price Targets

UPS has been the subject of several research analyst reports. Truist Financial decreased their price objective 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. Morgan Stanley reduced their price objective on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a report on Friday, January 31st. StockNews.com raised United Parcel Service from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Robert W. Baird lowered United Parcel Service from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Finally, Loop Capital cut 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $126.41.

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.