United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Mitchell Sinkler & Starr PA

Mitchell Sinkler & Starr PA trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,137 shares of the transportation company’s stock after selling 878 shares during the period. Mitchell Sinkler & Starr PA’s holdings in United Parcel Service were worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in UPS. Principal Financial Group Inc. boosted its holdings in 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 in the last quarter. Onyx Bridge Wealth Group LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at $461,000. Synovus Financial Corp grew its position in shares of 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 last quarter. HF Advisory Group LLC acquired a new stake in United Parcel Service during the 4th quarter worth $1,305,000. Finally, Allspring Global Investments Holdings LLC lifted its position 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 acquiring an additional 28,108 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UPS. Morgan Stanley cut their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective for the company. Stifel Nicolaus cut their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, Evercore ISI increased their price target 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 research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.57.

United Parcel Service Stock Performance

Shares of UPS opened at $109.66 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $154.29. The company has a 50-day simple moving average of $118.52 and a 200-day simple moving average of $126.44. The company has a market capitalization of $93.66 billion, a PE ratio of 16.22, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 in the previous year, the firm earned $2.47 earnings per share. Equities research analysts predict 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 announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.98%. United Parcel Service’s dividend payout ratio is 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.