TIAA Trust National Association Has $1.88 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

TIAA Trust National Association decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,924 shares of the transportation company’s stock after selling 167 shares during the period. TIAA Trust National Association’s holdings in United Parcel Service were worth $1,882,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in UPS. Fisher Asset Management LLC grew its stake in United Parcel Service by 5.0% in the 3rd quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company’s stock valued at $16,916,000 after buying an additional 5,956 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in shares of United Parcel Service by 58.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 97,712 shares of the transportation company’s stock worth $13,322,000 after acquiring an additional 36,091 shares during the period. The Manufacturers Life Insurance Company boosted its stake in United Parcel Service by 3.1% during the third quarter. The Manufacturers Life Insurance Company now owns 586,735 shares of the transportation company’s stock worth $79,995,000 after buying an additional 17,378 shares in the last quarter. FMR LLC boosted its position in shares of 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 acquiring an additional 380,229 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in United Parcel Service during the third quarter valued at approximately $336,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UPS. Truist Financial initiated coverage on shares of United Parcel Service in a report on Thursday, March 13th. They issued a “buy” rating and a $140.00 target price on the stock. Evercore ISI raised their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday, January 22nd. Loop Capital reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus target price of $137.91.

United Parcel Service Trading Up 0.9 %

Shares of NYSE:UPS opened at $110.94 on Thursday. The company’s 50-day moving average price is $119.30 and its two-hundred day moving average price is $126.68. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $154.29. 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 stock has a market capitalization of $94.76 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) 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 quarter last year, the firm earned $2.47 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS 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. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.91%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s payout ratio is presently 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.