Tidal Investments LLC Has $6.74 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Tidal Investments LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 56.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,482 shares of the transportation company's stock after acquiring an additional 19,227 shares during the period. Tidal Investments LLC's holdings in United Parcel Service were worth $6,744,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the fourth quarter worth $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $26,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $30,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $31,000. Finally, Transce3nd LLC purchased a new stake in United Parcel Service during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UPS shares. Loop Capital decreased their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Morgan Stanley cut their target price on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Baird R W lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Susquehanna cut their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Barclays cut their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $120.26.

United Parcel Service Trading Down 2.3%

Shares of UPS opened at $99.03 on Tuesday. The company has a market capitalization of $84.59 billion, a P/E ratio of 14.65, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $149.57. The firm's 50 day simple moving average is $102.03 and its 200 day simple moving average is $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 posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business's revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.62%. The ex-dividend date is Monday, May 19th. 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.

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