United Parcel Service, Inc. (NYSE:UPS) Shares Sold by ORG Partners LLC

ORG Partners LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 84.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529 shares of the transportation company's stock after selling 2,864 shares during the period. ORG Partners LLC's holdings in United Parcel Service were worth $58,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UPS. LaFleur & Godfrey LLC grew its position in shares of United Parcel Service by 62.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock worth $785,000 after acquiring an additional 2,401 shares during the last quarter. Brighton Jones LLC grew its position in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after buying an additional 4,723 shares in the last quarter. Sigma Planning Corp grew its position in United Parcel Service by 8.1% in the 4th quarter. Sigma Planning Corp now owns 13,878 shares of the transportation company's stock valued at $1,750,000 after buying an additional 1,034 shares in the last quarter. Richardson Capital Management LLC bought a new position in United Parcel Service in the 4th quarter valued at about $44,000. Finally, Fisher Funds Management LTD bought a new position in United Parcel Service in the 4th quarter valued at about $4,366,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Loop Capital dropped their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Truist Financial dropped 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. Finally, Oppenheimer decreased their price target on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Price Performance

United Parcel Service stock opened at $99.36 on Monday. The stock's 50 day moving average is $97.77 and its 200 day moving average is $111.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $84.14 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.74 and a beta of 1.22. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15.

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

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.60%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.