Mcdaniel Terry & Co. Decreases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Mcdaniel Terry & Co. reduced its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 19,592 shares of the transportation company's stock after selling 7,157 shares during the quarter. Mcdaniel Terry & Co.'s holdings in United Parcel Service were worth $2,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on UPS shares. Stifel Nicolaus reduced their price objective on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Raymond James Financial reduced their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Citigroup reduced their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Truist Financial cut their target price on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $120.26.

United Parcel Service Stock Up 0.6%

UPS traded up $0.62 during trading on Friday, hitting $101.22. 5,867,283 shares of the company's stock were exchanged, compared to its average volume of 5,194,276. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The business's 50 day moving average is $98.18 and its two-hundred day moving average is $110.69. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The stock has a market cap of $85.71 billion, a P/E ratio of 14.76, a PEG ratio of 1.77 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last announced 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 the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 earnings per share. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. 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.