United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Comerica Bank

Comerica Bank trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 208,000 shares of the transportation company's stock after selling 28,217 shares during the period. Comerica Bank's holdings in United Parcel Service were worth $26,229,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock worth $8,213,699,000 after acquiring an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares during the period. Geode Capital Management LLC grew its stake in United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after buying an additional 414,710 shares during the last quarter. Franklin Resources Inc. lifted its stake in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after buying an additional 1,484,452 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after acquiring an additional 268,278 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

UPS opened at $95.38 on Thursday. The firm has a market capitalization of $81.47 billion, a P/E ratio of 14.11, a PEG ratio of 1.55 and a beta of 1.10. The stock has a fifty day moving average of $107.40 and a 200-day moving average of $120.79. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during 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 quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS 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. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.88%. United Parcel Service's dividend payout ratio is presently 97.04%.

Wall Street Analyst Weigh In

UPS has been the topic of several analyst reports. Truist Financial dropped their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird downgraded United Parcel Service from an "outperform" rating to a "neutral" rating and cut their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. The Goldman Sachs Group decreased their price target on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Loop Capital cut their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a "hold" rating and a $119.00 target price for the company. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $121.59.

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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