Altman Advisors Inc. Purchases New Holdings in United Parcel Service, Inc. (NYSE:UPS)

Altman Advisors Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,071 shares of the transportation company’s stock, valued at approximately $1,270,000.

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

United Parcel Service Stock Performance

UPS opened at $96.95 on Friday. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42. The stock has a market cap of $82.81 billion, a PE ratio of 14.34, a P/E/G ratio of 1.55 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock’s 50 day simple moving average is $112.11 and its 200-day simple moving average is $123.97.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results 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 return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the firm posted $2.47 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Analysts Set New Price Targets

Several research firms recently issued reports on UPS. Loop Capital decreased their target price 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. Raymond James decreased their price target on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Tuesday, April 8th. Truist Financial began coverage on 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. Citigroup lowered their price target on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Evercore ISI lifted their price objective on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $131.32.

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.