United Parcel Service, Inc. (NYSE:UPS) Stake Trimmed by Sagefield Capital LP

Sagefield Capital LP trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,033 shares of the transportation company's stock after selling 4,538 shares during the quarter. Sagefield Capital LP's holdings in United Parcel Service were worth $7,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SGL Investment Advisors Inc. boosted its holdings in United Parcel Service by 2.1% in the fourth quarter. SGL Investment Advisors Inc. now owns 30,536 shares of the transportation company's stock valued at $3,851,000 after acquiring an additional 637 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in United Parcel Service by 16.0% in the 4th quarter. Rafferty Asset Management LLC now owns 81,867 shares of the transportation company's stock valued at $10,323,000 after purchasing an additional 11,322 shares during the period. Raiffeisen Bank International AG bought a new stake in shares of United Parcel Service during the 4th quarter valued at $409,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of United Parcel Service during the 4th quarter worth $1,940,000. Finally, Point72 Asset Management L.P. acquired a new position in United Parcel Service in the 4th quarter worth about $75,630,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 0.8%

Shares of NYSE UPS opened at $101.20 on Friday. The stock has a market cap of $86.44 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.55 and a beta of 1.23. The firm has a 50 day moving average price of $102.36 and a 200 day moving average price of $117.72. 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 $149.71.

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 business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UPS. Bank of America raised their target price on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday. Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Stifel Nicolaus decreased their price target on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets cut their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial cut their price target 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 investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service 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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