Truist Financial Corp Has $245.22 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Truist Financial Corp trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,559,603 shares of the transportation company's stock after selling 8,641 shares during the quarter. Truist Financial Corp owned 0.18% of United Parcel Service worth $245,216,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UPS. OFI Invest Asset Management acquired a new position in United Parcel Service during the third quarter worth $25,000. Tennessee Valley Asset Management Partners bought a new position in United Parcel Service in the 4th quarter valued at about $26,000. Life Planning Partners Inc bought a new position in United Parcel Service in the 4th quarter valued at about $28,000. Bourgeon Capital Management LLC acquired a new position in United Parcel Service during the 4th quarter valued at about $31,000. Finally, VisionPoint Advisory Group LLC increased its holdings in United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company's stock worth $37,000 after purchasing an additional 98 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

United Parcel Service stock traded up $0.14 during midday trading on Friday, hitting $147.53. 2,607,301 shares of the company's stock were exchanged, compared to its average volume of 4,330,030. The stock has a 50-day moving average price of $149.56 and a two-hundred day moving average price of $150.96. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $192.98. The company has a market cap of $125.79 billion, a P/E ratio of 21.38, a PEG ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion for the quarter, compared to analysts' expectations of $21.84 billion. During the same period in the prior year, the business earned $2.20 earnings per share. United Parcel Service's revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post 8.21 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 annualized dividend and a yield of 4.42%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.62. United Parcel Service's payout ratio is 94.49%.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Barclays cut their target price on United Parcel Service from $150.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 31st. Evercore ISI reiterated an "in-line" rating and issued a $154.00 target price on shares of United Parcel Service in a report on Wednesday, March 27th. Redburn Atlantic upgraded United Parcel Service from a "neutral" rating to a "buy" rating and set a $180.00 target price on the stock in a research note on Wednesday, April 3rd. Morgan Stanley boosted their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an "underweight" rating in a report on Wednesday, March 27th. Finally, Robert W. Baird raised shares of United Parcel Service from a "neutral" rating to an "outperform" rating and increased their target price for the company from $165.00 to $170.00 in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, United Parcel Service currently has an average rating of "Hold" and a consensus target price of $166.96.

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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