United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Twin Lakes Capital Management LLC

Twin Lakes Capital Management LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,428 shares of the transportation company's stock after selling 4,964 shares during the period. Twin Lakes Capital Management LLC's holdings in United Parcel Service were worth $1,315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $27,000. Parr Mcknight Wealth Management Group LLC acquired a new position in United Parcel Service during the fourth quarter worth about $265,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the fourth quarter worth about $28,000. Vise Technologies Inc. raised its position in United Parcel Service by 4.3% during the fourth quarter. Vise Technologies Inc. now owns 13,739 shares of the transportation company's stock worth $1,732,000 after acquiring an additional 565 shares during the last quarter. Finally, Inspire Trust Co. N.A. raised its position in United Parcel Service by 14.3% during the fourth quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the transportation company's stock worth $3,531,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Price Performance

United Parcel Service stock opened at $95.39 on Friday. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The firm has a 50 day moving average price of $100.37 and a 200 day moving average price of $116.45. The company has a market cap of $80.77 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. United Parcel Service's revenue was down .9% compared to the same quarter last year. Sell-side 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 will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.64 per share. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.88%. United Parcel Service's dividend payout ratio is currently 95.63%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of research reports. Citigroup cut their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. BMO Capital Markets cut their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley cut their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. cut 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 report on Monday, April 7th. Finally, Truist Financial cut 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. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $120.26.

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.

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