Vident Advisory LLC Sells 5,378 Shares of United Parcel Service, Inc. (NYSE:UPS)

Vident Advisory LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 21.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,846 shares of the transportation company's stock after selling 5,378 shares during the period. Vident Advisory LLC's holdings in United Parcel Service were worth $2,503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. LaFleur & Godfrey LLC boosted its position in United Parcel Service by 62.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock valued at $785,000 after buying an additional 2,401 shares during the period. Sugar Maple Asset Management LLC purchased a new stake in United Parcel Service during the fourth quarter valued at about $38,000. Atomi Financial Group Inc. boosted its holdings in shares of United Parcel Service by 44.9% during the fourth quarter. Atomi Financial Group Inc. now owns 11,095 shares of the transportation company's stock worth $1,399,000 after purchasing an additional 3,440 shares during the period. Octavia Wealth Advisors LLC boosted its holdings in shares of United Parcel Service by 70.7% during the fourth quarter. Octavia Wealth Advisors LLC now owns 7,995 shares of the transportation company's stock worth $1,008,000 after purchasing an additional 3,311 shares during the period. Finally, Sheets Smith Wealth Management boosted its holdings in shares of United Parcel Service by 32.9% during the fourth quarter. Sheets Smith Wealth Management now owns 2,430 shares of the transportation company's stock worth $306,000 after purchasing an additional 602 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 1.7%

NYSE:UPS opened at $95.93 on Thursday. The company's 50 day moving average price is $101.26 and its 200-day moving average price is $116.97. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week 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. The stock has a market cap of $81.94 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 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 for the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the prior 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. On average, equities research 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 company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date is Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analysts Set New Price Targets

UPS has been the subject of a number of analyst reports. Loop Capital dropped their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Baird R W lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. StockNews.com lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Oppenheimer dropped their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial dropped their target price on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Two investment 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. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service 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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