Skylands Capital LLC Acquires 9,945 Shares of United Parcel Service, Inc. (NYSE:UPS)

Skylands Capital LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 24.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,145 shares of the transportation company's stock after acquiring an additional 9,945 shares during the period. Skylands Capital LLC's holdings in United Parcel Service were worth $5,515,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on UPS shares. Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Truist Financial dropped their price target on 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. Barclays dropped their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Finally, Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research report 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 issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Stock Up 0.6%

NYSE UPS traded up $0.62 on Friday, reaching $101.22. The company had a trading volume of 5,867,283 shares, compared to its average volume of 5,188,592. The stock has a market capitalization of $85.71 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.78 and a beta of 1.22. The company's fifty day moving average is $98.18 and its 200 day moving average is $110.57. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. 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 released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 EPS. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders 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 yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is presently 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.