Federated Hermes Inc. Has $299.65 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Federated Hermes Inc. cut its position in United Parcel Service, Inc. (NYSE:UPS) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,905,790 shares of the transportation company’s stock after selling 52,002 shares during the period. United Parcel Service accounts for approximately 0.7% of Federated Hermes Inc.’s investment portfolio, making the stock its 24th biggest holding. Federated Hermes Inc. owned about 0.22% of United Parcel Service worth $299,647,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in UPS. Aspire Private Capital LLC boosted its stake in United Parcel Service by 0.3% during the 1st quarter. Aspire Private Capital LLC now owns 18,392 shares of the transportation company’s stock valued at $3,568,000 after purchasing an additional 60 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after acquiring an additional 64 shares during the period. First Financial Corp IN raised its holdings in United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 65 shares during the period. Gleason Group Inc. raised its holdings in United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after acquiring an additional 66 shares during the period. Finally, Advisors Capital Management LLC raised its holdings in United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 69 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the subject of several research reports. Barclays cut their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. TD Cowen cut their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Oppenheimer restated an “outperform” rating and set a $153.00 price target on shares of United Parcel Service in a research report on Wednesday, March 27th. Finally, Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $165.61.

United Parcel Service Stock Up 0.4 %

NYSE UPS traded up $0.58 during mid-day trading on Thursday, reaching $142.83. The stock had a trading volume of 988,609 shares, compared to its average volume of 4,275,343. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $197.80. The stock has a market cap of $121.78 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. The company has a fifty day moving average price of $149.65 and a 200 day moving average price of $151.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.62 EPS. On average, research analysts expect that United Parcel Service, Inc. will post 8.2 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. The ex-dividend date was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.56%. United Parcel Service’s payout ratio is currently 83.70%.

Insider Activity

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

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.