Gotham Asset Management LLC Has $6.40 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Gotham Asset Management LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 103.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,757 shares of the transportation company's stock after purchasing an additional 25,861 shares during the period. Gotham Asset Management LLC's holdings in United Parcel Service were worth $6,400,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in UPS. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the fourth quarter worth approximately $26,000. IFS Advisors LLC increased its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after buying an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service in the fourth quarter worth approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in United Parcel Service in the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UPS. Citigroup dropped their price objective on United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a report on Thursday, May 1st. Barclays dropped their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Monday, March 31st. UBS Group decreased their target price on United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Finally, Truist Financial decreased their target price on 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 investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $120.87.

United Parcel Service Stock Down 1.4%

UPS opened at $99.80 on Wednesday. The stock has a market capitalization of $85.25 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $153.42. The business has a 50 day moving average of $103.51 and a 200-day moving average of $118.32. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business earned $1.43 earnings per share. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.57%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

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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