United Parcel Service, Inc. (NYSE:UPS) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 23.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 163,486 shares of the transportation company's stock after selling 51,047 shares during the quarter. D.A. Davidson & CO.'s holdings in United Parcel Service were worth $17,982,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. Vanguard Group Inc. grew its position in United Parcel Service by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after acquiring an additional 370,705 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after purchasing an additional 414,710 shares during the period. Franklin Resources Inc. increased its holdings in United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. FMR LLC grew its holdings in United Parcel Service by 2.5% during the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after acquiring an additional 268,278 shares in the last quarter. Finally, Amundi increased its position in United Parcel Service by 14.6% during the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after purchasing an additional 1,277,328 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on UPS shares. Bank of America increased their target price on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Citigroup reduced 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. Truist Financial lowered their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has a consensus rating of "Hold" and an average price target of $119.29.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $1.30 during trading on Friday, hitting $104.24. The stock had a trading volume of 2,961,254 shares, compared to its average volume of 5,219,802. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The stock has a market capitalization of $88.27 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. The stock has a 50-day simple moving average of $98.70 and a two-hundred day simple moving average of $110.00.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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