Two Sigma Investments LP Sells 1,006,161 Shares of United Parcel Service, Inc. (NYSE:UPS)

Two Sigma Investments LP lowered its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 60.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 657,585 shares of the transportation company's stock after selling 1,006,161 shares during the quarter. Two Sigma Investments LP owned about 0.08% of United Parcel Service worth $82,921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UPS. IMG Wealth Management Inc. bought a new position in United Parcel Service in the 4th quarter worth about $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth about $26,000. Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $30,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $31,000. Finally, Transce3nd LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on UPS. Truist Financial decreased 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 report on Thursday, April 24th. Susquehanna reduced 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. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Oppenheimer reduced their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, 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. Two 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Stock Down 2.3%

Shares of NYSE:UPS opened at $99.03 on Tuesday. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $149.57. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock's 50-day moving average is $102.03 and its 200 day moving average is $117.25. The company has a market cap of $84.59 billion, a PE ratio of 14.65, a P/E/G ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its 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. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The firm's revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts anticipate 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 will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.62%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

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.

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