United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Kimelman & Baird LLC

Kimelman & Baird LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,279 shares of the transportation company’s stock after purchasing an additional 1,702 shares during the period. United Parcel Service accounts for about 1.4% of Kimelman & Baird LLC’s holdings, making the stock its 24th biggest holding. Kimelman & Baird LLC’s holdings in United Parcel Service were worth $17,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mizuho Markets Americas LLC increased its position in shares of United Parcel Service by 1,074.8% during the third quarter. Mizuho Markets Americas LLC now owns 31,249 shares of the transportation company’s stock valued at $4,260,000 after acquiring an additional 28,589 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of United Parcel Service by 40.6% in the third quarter. Natixis Advisors LLC now owns 249,530 shares of the transportation company’s stock valued at $34,021,000 after purchasing an additional 71,996 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of United Parcel Service by 13.8% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 16,940 shares of the transportation company’s stock valued at $2,310,000 after purchasing an additional 2,060 shares in the last quarter. Atlanta Consulting Group Advisors LLC grew its holdings in shares of United Parcel Service by 26.6% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 16,484 shares of the transportation company’s stock valued at $2,247,000 after purchasing an additional 3,467 shares in the last quarter. Finally, Tower Bridge Advisors grew its holdings in shares of United Parcel Service by 1.9% in the third quarter. Tower Bridge Advisors now owns 39,601 shares of the transportation company’s stock valued at $5,399,000 after purchasing an additional 737 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $116.90 on Monday. The firm’s fifty day simple moving average is $120.91 and its 200-day simple moving average is $127.38. The stock has a market capitalization of $99.85 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. 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 (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 period in the previous year, the business posted $2.47 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm 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 represents a $6.56 dividend on an annualized basis and a dividend yield of 5.61%. This is a boost 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%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UPS. Wells Fargo & Company dropped their price objective on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Evercore ISI lifted their price objective 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. UBS Group dropped their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. Truist Financial initiated coverage on shares of United Parcel Service in a report on Thursday. They issued a “buy” rating and a $140.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average target price 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.