United Parcel Service, Inc. $UPS Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,132,359 shares of the transportation company’s stock after selling 80,266 shares during the quarter. Legal & General Group Plc’s holdings in United Parcel Service were worth $409,889,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Shrier Wealth Management LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $1,099,000. Victory Capital Management Inc. lifted its position in shares of United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after acquiring an additional 761,217 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its position in shares of United Parcel Service by 192.7% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock valued at $1,957,000 after acquiring an additional 12,993 shares during the last quarter. Integrity Advisory Solutions LLC acquired a new stake in shares of United Parcel Service during the 3rd quarter valued at $6,868,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of United Parcel Service by 5.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,470,790 shares of the transportation company’s stock valued at $122,855,000 after acquiring an additional 71,764 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $101.12 on Tuesday. The company’s fifty day moving average is $100.41 and its two-hundred day moving average is $102.84. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a market cap of $85.96 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.61 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the business earned $1.49 EPS. The company’s revenue was down 1.4% on a year-over-year basis. Equities analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. United Parcel Service’s dividend payout ratio is 106.15%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UPS shares. Truist Financial increased their price objective on United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Jefferies Financial Group boosted their target price on shares of United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Stifel Nicolaus boosted their target price on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $111.50.

About United Parcel Service

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.