SevenBridge Financial Group LLC Sells 229 Shares of United Parcel Service, Inc. (NYSE:UPS)

SevenBridge Financial Group LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,062 shares of the transportation company’s stock after selling 229 shares during the quarter. SevenBridge Financial Group LLC’s holdings in United Parcel Service were worth $764,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $1,075,393,000. Raymond James Financial Inc. bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $393,680,000. Two Sigma Advisers LP boosted its holdings in United Parcel Service by 833.4% during the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after acquiring an additional 1,851,900 shares during the period. Franklin Resources Inc. grew its position in United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in United Parcel Service by 77.7% in the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after purchasing an additional 1,378,136 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.6 %

United Parcel Service stock opened at $109.29 on Wednesday. The business’s 50-day moving average price is $117.65 and its 200 day moving average price is $126.15. 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 firm has a market cap of $93.35 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 52 week low of $108.18 and a 52 week high of $154.29.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping 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 previous year, the business posted $2.47 EPS. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.00%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is 97.04%.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research reports. Loop Capital lowered their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Citigroup lowered their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Morgan Stanley cut their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Truist Financial initiated coverage on shares of 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. Finally, Stifel Nicolaus cut their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.83.

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.