United Parcel Service, Inc. (NYSE:UPS) Stock Position Raised by Argent Advisors Inc.

Argent Advisors Inc. increased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 25.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,764 shares of the transportation company's stock after acquiring an additional 3,011 shares during the period. Argent Advisors Inc.'s holdings in United Parcel Service were worth $1,624,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $1,075,393,000. Raymond James Financial Inc. purchased a new stake in United Parcel Service during the fourth quarter valued at about $393,680,000. Franklin Resources Inc. increased its stake in United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares during the period. Finally, Amundi lifted its stake in shares of United Parcel Service by 14.6% in the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after purchasing an additional 1,277,328 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Loop Capital dropped their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Truist Financial dropped their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Bank of America lifted their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wolfe Research decreased their price target on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. cut their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $120.26.

United Parcel Service Stock Down 0.2%

Shares of UPS traded down $0.23 during midday trading on Monday, hitting $100.95. The company had a trading volume of 5,445,876 shares, compared to its average volume of 5,189,622. The stock has a market cap of $85.48 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.78 and a beta of 1.22. The company's 50 day moving average price is $98.18 and its 200 day moving average price is $110.44. 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, 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 announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period in the previous year, the company earned $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.50%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 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.