United Parcel Service, Inc. (NYSE:UPS) Holdings Lifted by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 5.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,241 shares of the transportation company's stock after purchasing an additional 5,835 shares during the quarter. United Parcel Service accounts for 1.7% of Greatmark Investment Partners Inc.'s portfolio, making the stock its 22nd largest position. Greatmark Investment Partners Inc.'s holdings in United Parcel Service were worth $12,455,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $1,075,393,000. Franklin Resources Inc. grew its position in shares of United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $145,846,000. Price T Rowe Associates Inc. MD grew its position in shares of United Parcel Service by 19.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock worth $815,102,000 after acquiring an additional 1,064,293 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of United Parcel Service by 316.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock worth $141,581,000 after acquiring an additional 853,388 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

UPS has been the subject of several research reports. HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research report on Thursday, May 1st. Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Barclays dropped their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. Wolfe Research dropped their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Truist Financial dropped 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. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, United Parcel Service has an average rating of "Hold" and a consensus price target of $119.13.

United Parcel Service Price Performance

Shares of UPS traded up $0.10 during midday trading on Wednesday, reaching $99.63. The stock had a trading volume of 4,780,471 shares, compared to its average volume of 5,255,905. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The firm's 50 day moving average price is $99.62 and its 200-day moving average price is $108.57. The company has a market capitalization of $84.36 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.91 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 40.15% and a net margin of 6.44%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 EPS. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business 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 6.58%. 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.