Mork Capital Management LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,900 shares of the transportation company's stock, valued at approximately $996,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service in the 4th quarter worth about $26,000. IFS Advisors LLC raised its position in United Parcel Service by 232.3% in the 4th 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. purchased a new position in United Parcel Service in the 4th quarter worth about $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in United Parcel Service during the 4th quarter valued at about $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Price Performance
Shares of UPS traded up $0.61 during mid-day trading on Thursday, reaching $100.26. The stock had a trading volume of 4,521,184 shares, compared to its average volume of 5,055,313. The business has a fifty day moving average of $103.07 and a 200 day moving average of $118.19. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm has a market cap of $85.64 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $150.03.
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, 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 the consensus estimate of $21.25 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.
United Parcel Service Announces Dividend
The firm 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 dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.
Analysts Set New Price Targets
A number of analysts have recently commented on UPS shares. UBS Group reduced their price target on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Bank of America cut their target price on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. 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 report on Thursday, April 24th. Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Finally, Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $120.87.
Check Out Our Latest Stock Analysis on UPS
United Parcel Service Company Profile
(
Free Report)
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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