United Parcel Service, Inc. (NYSE:UPS) Stock Position Lowered by TCTC Holdings LLC

TCTC Holdings LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 69,588 shares of the transportation company’s stock after selling 482 shares during the quarter. TCTC Holdings LLC’s holdings in United Parcel Service were worth $8,775,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UPS. Principal Financial Group Inc. grew its holdings in shares of United Parcel Service by 4.3% during the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after buying an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new position in United Parcel Service in the fourth quarter valued at about $461,000. Synovus Financial Corp grew its stake in United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after purchasing an additional 6,941 shares in the last quarter. HF Advisory Group LLC purchased a new position in United Parcel Service in the fourth quarter valued at about $1,305,000. Finally, Allspring Global Investments Holdings LLC grew its stake in United Parcel Service by 27.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after purchasing an additional 28,108 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent research reports. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Susquehanna cut their price objective on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Citigroup cut their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $138.09.

United Parcel Service Trading Up 1.4 %

UPS stock opened at $116.90 on Monday. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The firm has a market cap of $99.85 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.55 and a beta of 0.94. The business’s 50 day moving average is $120.91 and its 200-day moving average is $127.38. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the firm posted $2.47 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a yield of 5.61%. 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.