Narwhal Capital Management Acquires Shares of 4,848 United Parcel Service, Inc. (NYSE:UPS)

Narwhal Capital Management purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,848 shares of the transportation company's stock, valued at approximately $533,000.

A number of other hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new position in United Parcel Service during the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service in the 4th quarter valued at $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter worth $30,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group decreased their target price on shares of 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. Barclays decreased their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a 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 report on Wednesday, April 9th. Truist Financial decreased their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Price Performance

UPS stock traded down $1.12 during trading on Wednesday, hitting $99.50. The stock had a trading volume of 6,056,318 shares, compared to its average volume of 5,193,497. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The company's 50-day moving average price is $98.00 and its two-hundred day moving average price is $111.09. 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 stock has a market capitalization of $84.26 billion, a P/E ratio of 14.50, a PEG ratio of 1.77 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last released its 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 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the business posted $1.43 earnings per share. The business's quarterly revenue was down .9% compared to the same quarter last year. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.59%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

United Parcel Service 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.