United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Donaldson Capital Management LLC

Donaldson Capital Management LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,715 shares of the transportation company's stock after purchasing an additional 9,848 shares during the period. Donaldson Capital Management LLC's holdings in United Parcel Service were worth $31,096,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of UPS. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service during the fourth quarter worth about $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service during the fourth quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $30,000. Institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UPS. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They set a "hold" rating and a $119.00 price target on the stock. Raymond James cut their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Truist Financial lowered their price target on 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, UBS Group decreased their target price on United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Stock Performance

UPS stock traded down $0.31 during trading on Thursday, hitting $100.85. The company had a trading volume of 3,105,662 shares, compared to its average volume of 5,178,870. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The firm has a market cap of $85.40 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The firm has a 50-day moving average price of $97.33 and a 200-day moving average price of $113.08. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business's revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.50%. 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.