King Luther Capital Management Corp Sells 238 Shares of United Parcel Service, Inc. (NYSE:UPS)

King Luther Capital Management Corp reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,045 shares of the transportation company’s stock after selling 238 shares during the quarter. King Luther Capital Management Corp’s holdings in United Parcel Service were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of United Parcel Service by 2.1% during the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after buying an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of United Parcel Service by 2.5% in 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 purchasing an additional 373,202 shares during the period. FMR LLC lifted its stake in shares of United Parcel Service by 3.7% in the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after purchasing an additional 380,229 shares during the period. Finally, Amundi grew its stake in shares of United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock worth $1,272,600,000 after purchasing an additional 1,277,328 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on UPS shares. The Goldman Sachs Group cut their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. 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 initiated coverage on shares of United Parcel Service in a research note on Thursday. They issued a “buy” rating and a $140.00 target price for the company. Finally, Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research report on Wednesday, January 8th. Two research 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 company has a consensus rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Trading Down 0.2 %

United Parcel Service stock opened at $115.09 on Friday. The company has a market cap of $98.30 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 1.55 and a beta of 0.94. The firm has a 50-day moving average of $121.05 and a 200-day moving average of $127.47. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS 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 quarter in the previous year, the firm earned $2.47 earnings per share. On average, equities 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 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 5.70%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend 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.