United Parcel Service, Inc. (NYSE:UPS) Shares Bought by TrueMark Investments LLC

TrueMark Investments LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,895 shares of the transportation company’s stock after acquiring an additional 3,132 shares during the quarter. United Parcel Service comprises approximately 1.5% of TrueMark Investments LLC’s investment portfolio, making the stock its 24th biggest position. TrueMark Investments LLC’s holdings in United Parcel Service were worth $4,652,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. increased its position in United Parcel Service by 4.3% during the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after purchasing an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $461,000. Synovus Financial Corp increased its holdings in shares of United Parcel Service by 8.6% during the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after buying an additional 6,941 shares during the last quarter. HF Advisory Group LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in United Parcel Service by 27.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after acquiring an additional 28,108 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 5.0 %

Shares of NYSE:UPS opened at $110.01 on Wednesday. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $157.99. The firm’s 50 day moving average price is $119.63 and its 200 day moving average price is $126.79. 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 $93.97 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last announced 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 period last year, the business posted $2.47 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.96%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is presently 97.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on UPS shares. Stifel Nicolaus reduced their target price on 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective on the stock. Loop Capital lowered their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Finally, Susquehanna dropped their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.91.

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.