IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 944 Shares of United Parcel Service, Inc. (NYSE:UPS)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 1.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 76,740 shares of the transportation company’s stock after selling 944 shares during the period. United Parcel Service accounts for 1.1% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings, making the stock its 15th biggest position. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in United Parcel Service were worth $9,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in United Parcel Service during the fourth quarter valued at about $393,680,000. Two Sigma Advisers LP grew its stake in United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after buying an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp raised its holdings in United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after acquiring an additional 1,378,136 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Finally, Amundi boosted its holdings in shares of United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock worth $1,272,600,000 after acquiring an additional 1,277,328 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 0.9 %

Shares of NYSE:UPS opened at $110.94 on Thursday. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $154.29. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock’s 50-day moving average price is $119.30 and its 200-day moving average price is $126.68. The stock has a market capitalization of $94.76 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

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

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. 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 dividend yield of 5.91%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Truist Financial began coverage on United Parcel Service in a research note on Thursday, March 13th. They set a “buy” rating and a $140.00 price objective on the stock. The Goldman Sachs Group decreased their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Wolfe Research upgraded shares of 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. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Finally, Evercore ISI increased their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.91.

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.