Pathstone Holdings LLC Sells 13,754 Shares of United Parcel Service, Inc. (NYSE:UPS)

Pathstone Holdings LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,637 shares of the transportation company's stock after selling 13,754 shares during the period. Pathstone Holdings LLC's holdings in United Parcel Service were worth $10,424,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Onyx Bridge Wealth Group LLC acquired a new position in shares of United Parcel Service in the 4th quarter worth $461,000. HF Advisory Group LLC purchased a new position in United Parcel Service in the 4th quarter worth about $1,305,000. Allspring Global Investments Holdings LLC raised its holdings in United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after buying an additional 28,108 shares during the period. Global Wealth Management Investment Advisory Inc. raised its holdings in United Parcel Service by 42.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company's stock worth $4,302,000 after buying an additional 10,176 shares during the period. Finally, Rovin Capital UT ADV lifted its stake in United Parcel Service by 85.7% during the fourth quarter. Rovin Capital UT ADV now owns 4,757 shares of the transportation company's stock valued at $600,000 after buying an additional 2,195 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Up 0.8%

Shares of United Parcel Service stock traded up $0.85 during midday trading on Friday, reaching $101.20. 6,309,373 shares of the company's stock traded hands, compared to its average volume of 5,093,390. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $149.57. The company's 50 day simple moving average is $102.36 and its 200 day simple moving average is $117.61. The company has a market cap of $86.44 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the company earned $1.43 earnings per share. The business's revenue was down .9% compared to the same quarter last year. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UPS shares. StockNews.com lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Truist Financial reduced their target price on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wolfe Research lowered their price target on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Morgan Stanley reduced their price objective on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and an average target price of $120.26.

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.