United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,546 shares of the transportation company’s stock after purchasing an additional 145 shares during the period. Lifeworks Advisors LLC’s holdings in United Parcel Service were worth $321,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after purchasing an additional 33,989 shares during the period. Onyx Bridge Wealth Group LLC purchased a new position in United Parcel Service in the 4th quarter valued at $461,000. Synovus Financial Corp increased its stake in United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after buying an additional 6,941 shares during the period. HF Advisory Group LLC purchased a new position in United Parcel Service during the 4th quarter worth $1,305,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after acquiring an additional 28,108 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

UPS stock opened at $121.59 on Friday. The stock’s 50 day moving average price is $121.73 and its 200 day moving average price is $127.77. The firm has a market cap of $103.85 billion, a P/E ratio of 17.99, a PEG ratio of 1.55 and a beta of 0.94. 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 1 year low of $109.40 and a 1 year high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $2.47 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share 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 paid a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.40%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Analyst Upgrades and Downgrades

UPS has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. UBS Group cut their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Loop Capital reduced their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

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.