Twin Capital Management Inc. Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Twin Capital Management Inc. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,876 shares of the transportation company’s stock after purchasing an additional 768 shares during the period. Twin Capital Management Inc.’s holdings in United Parcel Service were worth $2,254,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Trek Financial LLC lifted its stake in United Parcel Service by 43.1% in the 4th quarter. Trek Financial LLC now owns 6,804 shares of the transportation company’s stock valued at $858,000 after buying an additional 2,050 shares in the last quarter. FMR LLC lifted its position in shares of United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock valued at $1,373,964,000 after acquiring an additional 268,278 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its stake in shares of United Parcel Service by 242.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,300 shares of the transportation company’s stock valued at $164,000 after acquiring an additional 920 shares during the last quarter. Federated Hermes Inc. raised its stake in United Parcel Service by 2.1% in the 4th quarter. Federated Hermes Inc. now owns 1,624,016 shares of the transportation company’s stock valued at $204,788,000 after purchasing an additional 33,292 shares during the last quarter. Finally, Clarkston Capital Partners LLC lifted its holdings in United Parcel Service by 2.8% in the 4th quarter. Clarkston Capital Partners LLC now owns 209,886 shares of the transportation company’s stock valued at $26,467,000 after purchasing an additional 5,792 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 2.5 %

Shares of NYSE:UPS opened at $97.62 on Monday. The firm has a market cap of $83.39 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The company has a fifty day simple moving average of $115.82 and a 200 day simple moving average of $125.57. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12-month low of $94.87 and a 12-month high of $153.42.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data 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 return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the company earned $2.47 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.72%. United Parcel Service’s payout ratio is presently 97.04%.

Wall Street Analyst Weigh In

UPS has been the topic of several recent analyst reports. Loop Capital reduced their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Truist Financial began coverage on United Parcel Service in a report on Thursday, March 13th. They set a “buy” rating and a $140.00 price objective on the stock. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research report on Friday, March 7th. They set a “hold” rating and a $119.00 target price on the stock. Finally, Stifel Nicolaus lowered their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $133.18.

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.