Discipline Wealth Solutions LLC Buys Shares of 5,053 United Parcel Service, Inc. (NYSE:UPS)

Discipline Wealth Solutions LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,053 shares of the transportation company's stock, valued at approximately $637,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacific Sage Partners LLC grew its holdings in United Parcel Service by 4.8% during the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock worth $212,000 after acquiring an additional 77 shares during the period. Quent Capital LLC boosted its position in United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after purchasing an additional 80 shares in the last quarter. Altus Wealth Group LLC grew its stake in shares of United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after purchasing an additional 89 shares during the period. Alliance Wealth Advisors LLC grew its stake in shares of United Parcel Service by 3.8% during the 4th quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company's stock worth $323,000 after purchasing an additional 94 shares during the period. Finally, Morningstar Investment Management LLC increased its holdings in shares of United Parcel Service by 1.9% during the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company's stock valued at $637,000 after purchasing an additional 95 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a report on Friday, January 31st. HSBC lowered shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research note on Thursday, May 1st. Susquehanna cut their price target on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets reduced their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial dropped their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $0.83 during midday trading on Wednesday, hitting $96.72. The company had a trading volume of 3,798,750 shares, compared to its average volume of 5,135,894. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The stock has a market cap of $81.90 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. 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 business's 50-day simple moving average is $99.17 and its 200-day simple moving average is $115.69.

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, 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 analysts' expectations of $21.25 billion. During the same period in the prior year, the business earned $1.43 EPS. The firm's quarterly revenue was down .9% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's payout ratio is currently 95.63%.

About United Parcel Service

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.