19,981 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Oak Thistle LLC

Oak Thistle LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,981 shares of the transportation company's stock, valued at approximately $2,198,000.

Several other hedge funds also recently bought and sold shares of the company. Colonial Trust Co SC raised its holdings in United Parcel Service by 1.4% in the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after purchasing an additional 98 shares during the period. Juncture Wealth Strategies LLC increased its position in shares of United Parcel Service by 2.5% during the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after acquiring an additional 101 shares in the last quarter. TCV Trust & Wealth Management Inc. increased its position in shares of United Parcel Service by 1.4% during the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after acquiring an additional 103 shares in the last quarter. Cohen & Steers Inc. increased its position in shares of United Parcel Service by 5.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock worth $259,000 after acquiring an additional 104 shares in the last quarter. Finally, Diligent Investors LLC increased its position in shares of United Parcel Service by 1.7% during the fourth quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company's stock worth $848,000 after acquiring an additional 111 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of 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. Raymond James Financial lowered their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Galvan Research lowered their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Citigroup increased their price objective on shares of United Parcel Service from $122.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Wolfe Research lowered their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $118.22.

United Parcel Service Stock Performance

Shares of UPS traded up $1.06 during midday trading on Friday, reaching $103.59. The stock had a trading volume of 5,471,470 shares, compared to its average volume of 4,516,731. The firm has a 50 day simple moving average of $100.01 and a 200-day simple moving average of $107.36. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $145.01. The firm has a market cap of $87.72 billion, a PE ratio of 15.10, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the firm posted $1.43 EPS. The company's quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.33%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is 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.