Waters Parkerson & CO. LLC Sells 4,625 Shares of United Parcel Service, Inc. (NYSE:UPS)

Waters Parkerson & CO. LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,174 shares of the transportation company's stock after selling 4,625 shares during the period. Waters Parkerson & CO. LLC's holdings in United Parcel Service were worth $16,793,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. WBI Investments LLC raised its stake in United Parcel Service by 16.6% during the fourth quarter. WBI Investments LLC now owns 24,389 shares of the transportation company's stock worth $3,075,000 after acquiring an additional 3,467 shares in the last quarter. Texas Bank & Trust Co bought a new stake in United Parcel Service during the fourth quarter worth about $1,359,000. Tidal Investments LLC increased its holdings in shares of United Parcel Service by 56.1% during the fourth quarter. Tidal Investments LLC now owns 53,482 shares of the transportation company's stock worth $6,744,000 after buying an additional 19,227 shares in the last quarter. Teza Capital Management LLC bought a new stake in United Parcel Service during the 4th quarter worth approximately $1,433,000. Finally, TrinityPoint Wealth LLC grew its position in United Parcel Service by 7.1% during the 4th quarter. TrinityPoint Wealth LLC now owns 5,687 shares of the transportation company's stock worth $717,000 after acquiring an additional 376 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 0.8%

UPS stock opened at $101.20 on Monday. The stock has a market capitalization of $86.44 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average price of $102.36 and a 200-day moving average price of $117.49. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $149.57.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $1.43 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS 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 paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Evercore ISI increased their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an "in-line" rating in a report on Wednesday, January 22nd. Susquehanna reduced their price objective on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Raymond James decreased their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Truist Financial lowered their price target on 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, JPMorgan Chase & Co. cut their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Two 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 has a consensus rating of "Hold" and a consensus target price 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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