United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Sandy Spring Bank

Sandy Spring Bank cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 10,510 shares of the transportation company’s stock after selling 239 shares during the period. Sandy Spring Bank’s holdings in United Parcel Service were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the fourth quarter valued at approximately $26,000. IFS Advisors LLC boosted its position in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in shares of United Parcel Service during the 4th quarter valued at approximately $34,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on UPS. Susquehanna dropped their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Citigroup dropped their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Truist Financial assumed 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. The Goldman Sachs Group cut their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Raymond James decreased their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Two research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Trading Down 0.4 %

NYSE:UPS opened at $117.00 on Friday. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The firm has a market cap of $99.94 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. 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 has a fifty day moving average price of $120.29 and a 200 day moving average price of $127.11.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $2.47 earnings per share. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.61%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

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.