Syntax Research Inc. Purchases 949 Shares of United Parcel Service, Inc. (NYSE:UPS)

Syntax Research Inc. grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,858 shares of the transportation company’s stock after acquiring an additional 949 shares during the period. Syntax Research Inc.’s holdings in United Parcel Service were worth $613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service during the fourth quarter valued at about $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service during the fourth quarter valued at about $26,000. IFS Advisors LLC raised its stake in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. True Wealth Design LLC raised its stake in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service during the fourth quarter valued at about $30,000. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UPS. Wolfe Research upgraded 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. Citigroup reduced their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Loop Capital reduced their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Susquehanna reduced their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Truist Financial began coverage on shares of United Parcel Service in a research report on Thursday, March 13th. They set a “buy” rating and a $140.00 price target on the stock. 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 issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service Trading Down 1.5 %

NYSE:UPS opened at $115.25 on Monday. The company’s 50 day moving average price is $120.13 and its 200-day moving average price is $127.00. 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. The stock has a market cap of $98.44 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 quarter in the prior year, the business earned $2.47 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. 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. This represents a $6.56 dividend on an annualized basis and a yield of 5.69%. United Parcel Service’s dividend payout ratio is 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.