Daymark Wealth Partners LLC Has $2.04 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Daymark Wealth Partners LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,525 shares of the transportation company's stock after selling 3,269 shares during the period. Daymark Wealth Partners LLC's holdings in United Parcel Service were worth $2,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC grew its holdings in shares of United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after buying an additional 80 shares in the last quarter. Altus Wealth Group LLC lifted its stake in shares of United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock valued at $255,000 after purchasing an additional 89 shares in the last quarter. Morningstar Investment Management LLC grew its stake in United Parcel Service by 1.9% during the fourth quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company's stock worth $637,000 after buying an additional 95 shares during the period. Colonial Trust Co SC boosted its position in United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after purchasing an additional 98 shares during the period. Finally, Juncture Wealth Strategies LLC grew its stake in shares of United Parcel Service by 2.5% in the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after buying an additional 101 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UPS shares. Wells Fargo & Company restated an "equal weight" rating and set a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Susquehanna cut 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 report on Wednesday, April 30th. Raymond James dropped their price target on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. 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 research report on Thursday, April 24th. Finally, Loop Capital reduced their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $120.26.

United Parcel Service Stock Up 3.1%

NYSE UPS traded up $3.12 on Tuesday, reaching $102.43. The stock had a trading volume of 6,899,625 shares, compared to its average volume of 5,165,214. The company has a market capitalization of $86.73 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.55 and a beta of 1.22. The business has a 50 day moving average price of $97.10 and a 200 day moving average price of $113.49. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share 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 for the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the company earned $1.43 earnings per share. The business's revenue was down .9% compared to the same quarter last year. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

United Parcel Service Company 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.