Legacy Capital Wealth Partners LLC Grows Position in United Parcel Service, Inc. (NYSE:UPS)

Legacy Capital Wealth Partners LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 71.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,776 shares of the transportation company's stock after buying an additional 3,229 shares during the period. Legacy Capital Wealth Partners LLC's holdings in United Parcel Service were worth $855,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of UPS. Colonial Trust Co SC lifted its stake in United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after purchasing an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC raised its stake in United Parcel Service by 2.5% during the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after purchasing an additional 101 shares in the last quarter. TCV Trust & Wealth Management Inc. raised its stake in United Parcel Service by 1.4% during the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock valued at $830,000 after purchasing an additional 103 shares in the last quarter. Cohen & Steers Inc. raised its stake in United Parcel Service by 5.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock valued at $259,000 after purchasing an additional 104 shares in the last quarter. Finally, Diligent Investors LLC raised its stake in United Parcel Service by 1.7% during the fourth quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company's stock valued at $848,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on UPS shares. Stifel Nicolaus decreased their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" 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 on the stock in a research note on Thursday, April 24th. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a research note on Thursday, July 3rd. Barclays reduced their target price on shares of 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, JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $119.13.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded up $0.10 during trading on Wednesday, hitting $99.63. 4,780,471 shares of the stock traded hands, compared to its average volume of 5,255,905. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market cap of $84.36 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.91 and a beta of 1.21. The company has a fifty day moving average price of $99.62 and a two-hundred day moving average price of $108.57. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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 company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.58%. United Parcel Service's payout ratio is 95.63%.

United Parcel Service 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.