OneAscent Financial Services LLC Acquires 2,791 Shares of United Parcel Service, Inc. (NYSE:UPS)

OneAscent Financial Services LLC increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 108.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,362 shares of the transportation company's stock after purchasing an additional 2,791 shares during the quarter. OneAscent Financial Services LLC's holdings in United Parcel Service were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in UPS. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service during the 1st quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $27,000. Citizens National Bank Trust Department boosted its stake in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in United Parcel Service during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of NYSE:UPS traded up $2.20 during midday trading on Tuesday, reaching $101.10. 5,747,403 shares of the company were exchanged, compared to its average volume of 5,276,090. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The business's fifty day moving average is $99.85 and its two-hundred day moving average is $107.91. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $145.01. The stock has a market cap of $85.61 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.90 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter last year, the business earned $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. As a group, analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.49%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Truist Financial decreased their target price on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Citigroup lifted their target price on shares of United Parcel Service from $122.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a report on Thursday, July 3rd. Loop Capital decreased 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 report on Wednesday, April 30th. Finally, Barclays decreased 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 report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, United Parcel Service currently has an average rating of "Hold" and an average target price of $119.13.

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.