Truist Financial Corp Cuts Stock Holdings in United Parcel Service, Inc. $UPS

Truist Financial Corp trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 282,405 shares of the transportation company’s stock after selling 37,038 shares during the period. Truist Financial Corp’s holdings in United Parcel Service were worth $28,012,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock worth $6,794,160,000 after purchasing an additional 1,218,432 shares during the period. State Street Corp boosted its holdings in shares of United Parcel Service by 0.9% during the third quarter. State Street Corp now owns 31,063,250 shares of the transportation company’s stock worth $2,594,713,000 after purchasing an additional 288,720 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of United Parcel Service by 10.5% during the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after purchasing an additional 761,217 shares during the period. Invesco Ltd. boosted its holdings in shares of United Parcel Service by 17.3% during the third quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock worth $561,678,000 after purchasing an additional 993,461 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of United Parcel Service by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 5,072,282 shares of the transportation company’s stock worth $423,746,000 after purchasing an additional 486,384 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of analysts have recently weighed in on UPS shares. JPMorgan Chase & Co. increased their target price on shares of United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Stifel Nicolaus increased their target price on shares of United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. TD Cowen increased their target price on shares of United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Jefferies Financial Group increased their target price on shares of United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Sanford C. Bernstein increased their target price on shares of United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.08.

Check Out Our Latest Report on UPS

United Parcel Service Price Performance

Shares of NYSE UPS opened at $98.05 on Wednesday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The company has a 50 day simple moving average of $103.08 and a two-hundred day simple moving average of $102.02. The company has a market capitalization of $83.25 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 1.53 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.22 and a current ratio of 1.21.

United Parcel Service (NYSE:UPSGet Free Report) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the firm earned $1.49 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

About United Parcel Service

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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