United Parcel Service, Inc. (NYSE:UPS) Stake Trimmed by GAM Holding AG

GAM Holding AG cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,847 shares of the transportation company's stock after selling 8,727 shares during the period. GAM Holding AG's holdings in United Parcel Service were worth $5,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Altus Wealth Group LLC increased its holdings 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 valued at $255,000 after purchasing an additional 89 shares in the last quarter. Colonial Trust Co SC grew its position in United Parcel Service by 1.4% during the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock valued at $911,000 after buying an additional 98 shares during the period. Juncture Wealth Strategies LLC increased its holdings in 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. Cohen & Steers Inc. increased its holdings in United Parcel Service by 5.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock valued at $259,000 after buying an additional 104 shares in the last quarter. Finally, Diligent Investors LLC raised its position in shares of United Parcel Service by 1.7% in the fourth quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company's stock worth $848,000 after acquiring an additional 111 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on UPS. Bank of America raised their price objective on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 16th. Truist Financial decreased their target price on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Galvan Research cut their price target on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, Raymond James Financial dropped their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Stock Performance

UPS traded up $0.15 during trading hours on Friday, hitting $99.36. 11,093,220 shares of the stock were exchanged, compared to its average volume of 5,189,324. The stock has a market cap of $84.14 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.22. The stock has a 50-day simple moving average of $97.77 and a 200-day simple moving average of $111.53. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. 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 posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business's revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.60%. 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.