United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC increased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 903,094 shares of the transportation company's stock after purchasing an additional 23,555 shares during the quarter. United Parcel Service makes up 3.7% of Clifford Swan Investment Counsel LLC's portfolio, making the stock its 5th biggest position. Clifford Swan Investment Counsel LLC owned 0.11% of United Parcel Service worth $99,331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. bought a new position in United Parcel Service during the 1st quarter worth $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at about $27,000. Citizens National Bank Trust Department boosted its stake in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after buying an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service during the fourth quarter valued at $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service in the fourth quarter valued at approximately $30,000. Institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of research reports. Wolfe Research lowered their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Stifel Nicolaus decreased their target price on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. BNP Paribas upgraded United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Truist Financial cut their target price on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Loop Capital cut their target price on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $119.13.

United Parcel Service Stock Performance

UPS traded up $0.06 on Monday, reaching $99.28. 256,111 shares of the stock were exchanged, compared to its average volume of 5,254,175. The firm has a market capitalization of $84.07 billion, a PE ratio of 14.49, a PEG ratio of 1.91 and a beta of 1.21. The company's 50-day moving average price is $99.85 and its 200 day moving average price is $107.91. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $146.17.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.61%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is currently 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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