2,909 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by Generation Capital Management LLC

Generation Capital Management LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, Holdings Channel.com reports. The fund purchased 2,909 shares of the transportation company’s stock, valued at approximately $367,000.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in United Parcel Service by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock valued at $8,213,699,000 after buying an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. raised its stake in United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after buying an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC raised its stake in United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock worth $1,979,695,000 after buying an additional 414,710 shares in the last quarter. Franklin Resources Inc. lifted its holdings in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after buying an additional 1,484,452 shares during the period. Finally, FMR LLC boosted its position in shares of United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock valued at $1,373,964,000 after purchasing an additional 268,278 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 2.3 %

Shares of UPS opened at $96.34 on Friday. The stock has a market capitalization of $82.29 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business’s 50 day simple moving average is $110.76 and its 200-day simple moving average is $122.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 prior year, the firm earned $2.47 earnings per share. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders 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 dividend yield of 6.81%. United Parcel Service’s dividend payout ratio is presently 97.04%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Truist Financial began 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 target for the company. Barclays lowered their price target on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a report on Monday, March 31st. 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. Morgan Stanley cut their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a “hold” rating and a $119.00 price objective for the company. Two 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.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $129.70.

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.