iSAM Funds UK Ltd Takes Position in United Parcel Service, Inc. (NYSE:UPS)

iSAM Funds UK Ltd bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,794 shares of the transportation company's stock, valued at approximately $478,000.

Several other institutional investors and hedge funds have also modified their holdings of UPS. Aaron Wealth Advisors LLC lifted its position in shares of United Parcel Service by 23.1% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,538 shares of the transportation company's stock worth $320,000 after buying an additional 477 shares during the last quarter. LaFleur & Godfrey LLC lifted its position in shares of United Parcel Service by 62.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock worth $785,000 after buying an additional 2,401 shares during the last quarter. Bonness Enterprises Inc. lifted its position in shares of United Parcel Service by 24.0% during the 4th quarter. Bonness Enterprises Inc. now owns 21,150 shares of the transportation company's stock worth $2,667,000 after buying an additional 4,100 shares during the last quarter. Pure Financial Advisors LLC lifted its position in shares of United Parcel Service by 1.6% during the 4th quarter. Pure Financial Advisors LLC now owns 18,442 shares of the transportation company's stock worth $2,326,000 after buying an additional 285 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. lifted its position in shares of United Parcel Service by 4.1% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 4,869 shares of the transportation company's stock worth $614,000 after buying an additional 193 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of several recent analyst reports. StockNews.com downgraded United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Oppenheimer dropped their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Evercore ISI increased their target price on United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research report on Wednesday, January 22nd. Truist Financial dropped their target price 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, The Goldman Sachs Group dropped their target price on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Trading Down 1.5%

Shares of UPS stock opened at $97.61 on Wednesday. The stock has a market cap of $83.38 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.55 and a beta of 1.23. The stock has a 50-day moving average of $101.68 and a 200-day moving average of $117.11. 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, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15.

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, 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 during the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The business's quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts forecast 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 will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.72%. United Parcel Service's dividend 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.

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