United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Redwood Investment Management LLC

Redwood Investment Management LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,604 shares of the transportation company's stock after selling 4,452 shares during the quarter. Redwood Investment Management LLC's holdings in United Parcel Service were worth $1,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter worth $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth $26,000. IFS Advisors LLC increased its stake in shares of 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 acquiring an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter worth $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter worth $31,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Up 0.8%

Shares of NYSE UPS traded up $0.85 during midday trading on Friday, hitting $101.20. 6,309,373 shares of the company's stock were exchanged, compared to its average volume of 5,093,390. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $149.57. The company has a market cap of $86.44 billion, a PE ratio of 14.97, a P/E/G ratio of 1.55 and a beta of 1.23. The firm's fifty day simple moving average is $102.36 and its 200-day simple moving average is $117.61.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly 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. 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 quarter in the previous year, the company posted $1.43 earnings per share. The firm's revenue was down .9% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date is Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Ratings Changes

UPS has been the subject of a number of recent research reports. Raymond James cut their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Susquehanna cut their target price on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Galvan Research cut their price objective on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Citigroup cut their price objective on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Truist Financial lowered 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. Two 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of "Hold" and a consensus price target 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.