Annie E. Casey Foundation Inc. Acquires Shares of 421,036 United Parcel Service, Inc. (NYSE:UPS)

Annie E. Casey Foundation Inc. bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 421,036 shares of the transportation company’s stock, valued at approximately $53,093,000. United Parcel Service comprises 77.8% of Annie E. Casey Foundation Inc.’s investment portfolio, making the stock its biggest position.

A number of other institutional investors have also modified their holdings of the stock. IMG Wealth Management Inc. purchased a new position in United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $26,000. IFS Advisors LLC raised its stake in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter worth $30,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Evercore ISI upped their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Susquehanna decreased their price target on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Truist Financial began coverage on United Parcel Service in a research note on Thursday, March 13th. They issued a “buy” rating and a $140.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service Price Performance

UPS stock opened at $115.25 on Friday. The stock has a market capitalization of $98.44 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The stock’s fifty day simple moving average is $120.13 and its 200-day simple moving average is $127.01. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $157.99. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last posted 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 period in the previous year, the business posted $2.47 earnings per share. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.69%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

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.