Community Bank N.A. Buys 550 Shares of United Parcel Service, Inc. (NYSE:UPS)

Community Bank N.A. lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,061 shares of the transportation company’s stock after buying an additional 550 shares during the period. Community Bank N.A.’s holdings in United Parcel Service were worth $4,799,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. IMG Wealth Management Inc. bought a new position in United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth approximately $26,000. IFS Advisors LLC increased its holdings in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth approximately $30,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.5 %

Shares of UPS opened at $115.25 on Friday. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $157.99. The firm has a market cap of $98.44 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The firm’s 50-day simple moving average is $120.13 and its 200 day simple moving average is $127.01. 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 posted its quarterly earnings data 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 prior year, the company posted $2.47 earnings per share. On average, analysts forecast 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. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.69%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial began coverage on shares of United Parcel Service in a report on Thursday, March 13th. They set a “buy” rating and a $140.00 price objective for the company. Bank of America reduced their price target on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. UBS Group reduced their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Citigroup reduced their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Stifel Nicolaus cut their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.09.

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.