Haverford Trust Co Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

Haverford Trust Co lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 562,658 shares of the transportation company’s stock after selling 213,713 shares during the period. Haverford Trust Co owned about 0.07% of United Parcel Service worth $70,951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. IMG Wealth Management Inc. bought a new stake in United Parcel Service in the fourth quarter worth $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $26,000. IFS Advisors LLC raised its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC increased its stake in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service during the 4th quarter valued at about $30,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 1.5 %

Shares of UPS opened at $115.25 on Monday. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $157.99. 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 has a market capitalization of $98.44 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The business’s 50 day moving average is $120.13 and its 200 day moving average is $127.00.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping 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 quarter last year, the business earned $2.47 earnings per share. Research 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 business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 5.69%. United Parcel Service’s payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Truist Financial started 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 target for the company. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Finally, Raymond James cut their target price on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $138.09.

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.