Atlantic Union Bankshares Corp Sells 905 Shares of United Parcel Service, Inc. (NYSE:UPS)

Atlantic Union Bankshares Corp lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,816 shares of the transportation company’s stock after selling 905 shares during the period. Atlantic Union Bankshares Corp’s holdings in United Parcel Service were worth $2,625,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of UPS. Amundi increased its position in United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock valued at $1,272,600,000 after acquiring an additional 1,277,328 shares during the last quarter. Capital Management Corp VA increased its position in United Parcel Service by 18.2% during the fourth quarter. Capital Management Corp VA now owns 48,934 shares of the transportation company’s stock valued at $6,171,000 after acquiring an additional 7,541 shares during the last quarter. Lifeworks Advisors LLC increased its position in United Parcel Service by 6.0% during the fourth quarter. Lifeworks Advisors LLC now owns 2,546 shares of the transportation company’s stock valued at $321,000 after acquiring an additional 145 shares during the last quarter. Larson Financial Group LLC increased its position in United Parcel Service by 12.2% during the fourth quarter. Larson Financial Group LLC now owns 8,220 shares of the transportation company’s stock valued at $1,037,000 after acquiring an additional 896 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in United Parcel Service during the fourth quarter valued at $1,463,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UPS shares. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Susquehanna cut their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $130.00 in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a research note on Friday. They set a “hold” rating and a $119.00 target price for the company. Finally, Loop Capital lowered their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.00.

United Parcel Service Stock Performance

UPS stock opened at $121.59 on Friday. The firm has a market cap of $103.85 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.55 and a beta of 0.94. The firm has a 50-day simple moving average of $121.73 and a two-hundred day simple moving average of $127.77. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. 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 (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate 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 quarter last year, the business earned $2.47 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.40%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is presently 97.04%.

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.