Paces Ferry Wealth Advisors LLC Cuts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Paces Ferry Wealth Advisors LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,182 shares of the transportation company’s stock after selling 832 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in United Parcel Service were worth $401,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after purchasing an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after buying an additional 1,337,058 shares during the period. Geode Capital Management LLC raised 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 valued at $2,080,170,000 after buying an additional 373,202 shares during the last quarter. FMR LLC boosted its position 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 valued at $1,448,960,000 after buying an additional 380,229 shares during the period. Finally, Amundi grew its holdings in United Parcel Service by 14.6% in 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. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of a number of analyst reports. UBS Group dropped their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. Truist Financial started coverage on United Parcel Service in a report on Thursday, March 13th. They issued a “buy” rating and a $140.00 price objective for the company. Citigroup decreased their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report 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 report on Friday, January 31st. Finally, Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service Price Performance

Shares of UPS opened at $115.25 on Friday. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $157.99. The company has a market capitalization 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 has a 50 day moving average of $120.13 and a 200 day moving average of $127.01. 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 (NYSE:UPS) last posted its quarterly earnings results 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 return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the company earned $2.47 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.69%. United Parcel Service’s payout ratio is currently 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.