Principal Financial Group Inc. Has $89.86 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Principal Financial Group Inc. reduced its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 0.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 816,940 shares of the transportation company's stock after selling 4,841 shares during the period. Principal Financial Group Inc. owned 0.10% of United Parcel Service worth $89,855,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after acquiring an additional 4,723 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of United Parcel Service in the 4th quarter worth $177,000. Assetmark Inc. grew its stake in shares of United Parcel Service by 23.9% during the fourth quarter. Assetmark Inc. now owns 100,212 shares of the transportation company's stock worth $12,637,000 after purchasing an additional 19,326 shares during the period. Proficio Capital Partners LLC bought a new stake in United Parcel Service in the fourth quarter valued at about $219,000. Finally, Lindbrook Capital LLC lifted its stake in United Parcel Service by 17.1% in the fourth quarter. Lindbrook Capital LLC now owns 3,269 shares of the transportation company's stock valued at $412,000 after buying an additional 478 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Down 1.2%

UPS stock traded down $1.30 during midday trading on Friday, hitting $104.24. The company's stock had a trading volume of 2,961,254 shares, compared to its average volume of 5,219,802. The company's fifty day moving average price is $98.83 and its 200 day moving average price is $109.84. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The stock has a market capitalization of $88.27 billion, a P/E ratio of 15.20, a PEG ratio of 2.01 and a beta of 1.21.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the business earned $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analysts Set New Price Targets

Several research firms have recently issued reports on UPS. Bank of America boosted their target price on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Galvan Research decreased 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 report on Wednesday, April 9th. Raymond James Financial lowered their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Stifel Nicolaus cut their target price on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Truist Financial reduced their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $119.29.

United Parcel Service Company 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.