Zions Bancorporation N.A. Buys 1,246 Shares of United Parcel Service, Inc. (NYSE:UPS)

Zions Bancorporation N.A. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,705 shares of the transportation company’s stock after purchasing an additional 1,246 shares during the quarter. Zions Bancorporation N.A.’s holdings in United Parcel Service were worth $3,494,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Modern Wealth Management LLC boosted its position in United Parcel Service by 85.8% during the 4th quarter. Modern Wealth Management LLC now owns 11,763 shares of the transportation company’s stock valued at $1,483,000 after acquiring an additional 5,431 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at approximately $794,000. CoreFirst Bank & Trust purchased a new position in shares of United Parcel Service in the 4th quarter valued at approximately $314,000. Prudential Financial Inc. boosted its position in shares of United Parcel Service by 107.7% during the fourth quarter. Prudential Financial Inc. now owns 1,361,621 shares of the transportation company’s stock valued at $171,700,000 after purchasing an additional 705,897 shares in the last quarter. Finally, Syntax Research Inc. grew its stake in United Parcel Service by 24.3% in the fourth quarter. Syntax Research Inc. now owns 4,858 shares of the transportation company’s stock worth $613,000 after purchasing an additional 949 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $115.88 on Tuesday. The firm’s 50 day moving average price is $119.95 and its 200-day moving average price is $126.92. 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 capitalization of $98.98 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $157.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 previous year, the firm posted $2.47 EPS. 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 given a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.66%. United Parcel Service’s dividend payout ratio is presently 97.04%.

Analysts Set New Price Targets

A number of brokerages have recently commented on UPS. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. UBS Group cut their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Truist Financial initiated coverage on United Parcel Service in a research note on Thursday, March 13th. They issued a “buy” rating and a $140.00 target price on the stock. Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Finally, Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $138.09.

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.