Two Sigma Securities LLC Has $556,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Two Sigma Securities LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 83.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,411 shares of the transportation company's stock after selling 22,689 shares during the quarter. Two Sigma Securities LLC's holdings in United Parcel Service were worth $556,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Diamant Asset Management Inc. boosted its position in United Parcel Service by 2.8% in the 3rd quarter. Diamant Asset Management Inc. now owns 4,060 shares of the transportation company's stock valued at $554,000 after buying an additional 110 shares during the last quarter. Te Ahumairangi Investment Management Ltd increased its position in United Parcel Service by 12.2% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 17,236 shares of the transportation company's stock worth $2,337,000 after purchasing an additional 1,880 shares during the period. Eaton Financial Holdings Company LLC bought a new stake in United Parcel Service during the 3rd quarter worth about $1,021,000. Pine Valley Investments Ltd Liability Co raised its holdings in United Parcel Service by 25.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 26,457 shares of the transportation company's stock worth $3,607,000 after purchasing an additional 5,444 shares during the last quarter. Finally, World Investment Advisors LLC boosted its stake in shares of United Parcel Service by 79.6% in the 3rd quarter. World Investment Advisors LLC now owns 17,675 shares of the transportation company's stock valued at $2,410,000 after purchasing an additional 7,836 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on UPS shares. Susquehanna dropped their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday. Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. 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. UBS Group cut their price target on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, Wolfe Research decreased their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $124.82.

United Parcel Service Stock Down 2.3 %

Shares of NYSE UPS traded down $2.27 during trading hours on Wednesday, hitting $94.46. The company had a trading volume of 2,316,871 shares, compared to its average volume of 4,878,642. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm's 50 day moving average is $107.82 and its 200-day moving average is $120.97. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $153.42. The stock has a market capitalization of $80.69 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

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

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.94%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is 97.04%.

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.