10,781 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Texas Bank & Trust Co

Texas Bank & Trust Co bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,781 shares of the transportation company's stock, valued at approximately $1,359,000.

Several other large investors also recently modified their holdings of UPS. Park Avenue Securities LLC boosted its holdings in shares of United Parcel Service by 15.6% in the fourth quarter. Park Avenue Securities LLC now owns 17,187 shares of the transportation company's stock valued at $2,167,000 after buying an additional 2,324 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in United Parcel Service by 68.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,937 shares of the transportation company's stock worth $1,631,000 after purchasing an additional 5,241 shares during the period. Empirical Asset Management LLC boosted its stake in United Parcel Service by 0.8% in the 4th quarter. Empirical Asset Management LLC now owns 12,036 shares of the transportation company's stock worth $1,518,000 after purchasing an additional 93 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its holdings in United Parcel Service by 87.0% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,031 shares of the transportation company's stock worth $7,444,000 after purchasing an additional 27,472 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. raised its stake in shares of United Parcel Service by 6.8% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 30,392 shares of the transportation company's stock valued at $3,832,000 after purchasing an additional 1,936 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

United Parcel Service stock traded down $1.50 during trading hours on Tuesday, hitting $97.61. The company had a trading volume of 4,665,670 shares, compared to its average volume of 5,109,332. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The firm has a market cap of $83.38 billion, a PE ratio of 14.44, a PEG ratio of 1.55 and a beta of 1.23. The firm has a 50-day moving average of $102.03 and a 200 day moving average of $117.25. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.43 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.72%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Bank of America upped their price objective on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday. Susquehanna cut their target price on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Truist Financial decreased their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Loop Capital lowered their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a report on Friday, March 7th. They set a "hold" rating and a $119.00 target price for the company. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $120.26.

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.