United Parcel Service, Inc. (NYSE:UPS) Stock Position Increased by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC grew its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 42.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,157 shares of the transportation company's stock after purchasing an additional 11,735 shares during the period. United Parcel Service makes up approximately 1.8% of Murphy Pohlad Asset Management LLC's holdings, making the stock its 13th biggest position. Murphy Pohlad Asset Management LLC's holdings in United Parcel Service were worth $4,307,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UPS. Altus Wealth Group LLC boosted its position in shares of United Parcel Service by 4.6% during the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after buying an additional 89 shares during the period. Morningstar Investment Management LLC increased its position in United Parcel Service by 1.9% in the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company's stock valued at $637,000 after acquiring an additional 95 shares during the period. Colonial Trust Co SC raised its stake in United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock valued at $911,000 after acquiring an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC boosted its position in United Parcel Service by 2.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after acquiring an additional 101 shares during the period. Finally, Cohen & Steers Inc. grew its stake in shares of United Parcel Service by 5.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock worth $259,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Down 1.0%

NYSE:UPS opened at $99.89 on Monday. The stock has a fifty day simple moving average of $97.49 and a 200 day simple moving average of $112.52. The firm has a market capitalization of $84.58 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate 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 company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same period last year, the company posted $1.43 earnings per share. The business's revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company 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. This represents a $6.56 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Galvan Research lowered their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. BMO Capital Markets lowered their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Truist Financial dropped their price target 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. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Barclays lowered their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $120.26.

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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