Mountain Hill Investment Partners Corp. Invests $255,000 in United Parcel Service, Inc. (NYSE:UPS)

Mountain Hill Investment Partners Corp. acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,021 shares of the transportation company’s stock, valued at approximately $255,000.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of United Parcel Service by 4.3% during the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after purchasing an additional 33,989 shares during the period. Onyx Bridge Wealth Group LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $461,000. Synovus Financial Corp lifted its stake in United Parcel Service by 8.6% in the third 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 in the last quarter. HF Advisory Group LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after acquiring an additional 28,108 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $115.25 on Monday. The company’s 50-day moving average is $120.13 and its 200-day moving average is $127.00. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market capitalization of $98.44 billion, a PE ratio of 17.05, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $157.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 period in the previous year, the company posted $2.47 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.69%. United Parcel Service’s payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Truist Financial started coverage on shares of United Parcel Service in a research report on Thursday, March 13th. They issued a “buy” rating and a $140.00 price objective on the stock. UBS Group cut their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Evercore ISI increased their price objective on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and cut their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Finally, Loop Capital reduced their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.09.

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.