6,083 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by Marks Wealth LLC

Marks Wealth LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,083 shares of the transportation company's stock, valued at approximately $669,000. United Parcel Service accounts for about 0.2% of Marks Wealth LLC's portfolio, making the stock its 9th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Garde Capital Inc. purchased a new position in United Parcel Service during the 1st quarter valued at about $37,000. CWA Asset Management Group LLC lifted its position in United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after acquiring an additional 193 shares during the period. Advisor Resource Council purchased a new position in United Parcel Service during the 1st quarter valued at about $437,000. Clark Capital Management Group Inc. lifted its position in United Parcel Service by 14.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock valued at $1,441,000 after acquiring an additional 1,440 shares during the period. Finally, Brighton Jones LLC lifted its position in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on UPS shares. Stifel Nicolaus lowered their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Citigroup decreased their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Truist Financial decreased 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 report on Thursday, April 24th. Finally, Barclays decreased their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $119.29.

United Parcel Service Stock Down 1.2%

Shares of UPS stock opened at $104.24 on Friday. The company has a 50 day simple moving average of $98.83 and a two-hundred day simple moving average of $109.84. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market cap of $88.27 billion, a P/E ratio of 15.20, a P/E/G ratio of 2.01 and a beta of 1.21. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.29%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

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.

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