LaFleur & Godfrey LLC Grows Stock Position in United Parcel Service, Inc. (NYSE:UPS)

LaFleur & Godfrey LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 64.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,242 shares of the transportation company's stock after purchasing an additional 4,017 shares during the period. LaFleur & Godfrey LLC's holdings in United Parcel Service were worth $1,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UPS. Vanguard Group Inc. boosted its holdings in United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after acquiring an additional 370,705 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC increased its position in shares of United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after buying an additional 414,710 shares during the period. Franklin Resources Inc. raised its stake in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after buying an additional 1,484,452 shares in the last quarter. Finally, FMR LLC lifted its holdings in United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after buying an additional 268,278 shares during the period. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

UPS has been the subject of several research reports. 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. Wells Fargo & Company reiterated an "equal weight" rating and issued a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Truist Financial lowered their price objective 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. Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of "Hold" and an average target price of $120.26.

United Parcel Service Stock Performance

Shares of NYSE UPS traded down $1.12 during trading on Wednesday, reaching $99.50. 6,056,318 shares of the company traded hands, compared to its average volume of 5,192,301. The firm has a 50 day simple moving average of $97.89 and a 200-day simple moving average of $111.17. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The stock has a market capitalization of $84.26 billion, a PE ratio of 14.50, a P/E/G ratio of 1.76 and a beta of 1.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter last year, the company posted $1.43 earnings per share. The firm's quarterly revenue was down .9% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.59%. United Parcel Service's dividend payout ratio (DPR) 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.