GTS Securities LLC Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

GTS Securities LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 97.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,929 shares of the transportation company's stock after selling 154,173 shares during the quarter. GTS Securities LLC's holdings in United Parcel Service were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in United Parcel Service during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service in the fourth quarter worth $26,000. Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at about $28,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter worth about $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of United Parcel Service during the 4th quarter valued at approximately $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on UPS shares. Truist Financial decreased their target price on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Citigroup cut their target price on United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price objective on shares of 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. Morgan Stanley reduced their price target on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Finally, Susquehanna cut their price target on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and an average price target of $120.26.

United Parcel Service Stock Down 0.6%

NYSE:UPS traded down $0.60 during midday trading on Friday, reaching $97.50. 6,460,305 shares of the stock traded hands, compared to its average volume of 5,144,775. The stock has a market capitalization of $82.56 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The business has a 50-day moving average of $98.81 and a two-hundred day moving average of $115.46.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data 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. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter last year, the firm earned $1.43 EPS. The business's quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.73%. United Parcel Service's payout ratio is 95.63%.

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.