Xponance Inc. Has $13.14 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Xponance Inc. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,237 shares of the transportation company’s stock after acquiring an additional 1,431 shares during the quarter. Xponance Inc.’s holdings in United Parcel Service were worth $13,144,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after acquiring an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in United Parcel Service by 6.1% during the 4th 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 during the last quarter. Geode Capital Management LLC grew its holdings in United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after acquiring an additional 373,202 shares during the last quarter. FMR LLC grew its holdings in United Parcel Service by 3.7% during the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after acquiring an additional 380,229 shares during the last quarter. Finally, Amundi grew its holdings in United Parcel Service by 14.6% during the 4th 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 last quarter. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UPS has been the topic of a number of analyst reports. Evercore ISI upped their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Raymond James reduced their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Morgan Stanley reduced their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Finally, Truist Financial initiated coverage on shares of United Parcel Service in a research note on Thursday, March 13th. They issued a “buy” rating and a $140.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Stock Performance

UPS opened at $118.85 on Wednesday. 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 company’s fifty day moving average price is $120.67 and its two-hundred day moving average price is $127.25. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The company has a market cap of $101.51 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping 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 in the prior year, the business earned $2.47 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.52%. United Parcel Service’s dividend payout ratio is presently 97.04%.

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.