International Assets Investment Management LLC Sells 8,770 Shares of United Parcel Service, Inc. $UPS

International Assets Investment Management LLC lowered its position in United Parcel Service, Inc. (NYSE:UPSFree Report) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,350 shares of the transportation company’s stock after selling 8,770 shares during the quarter. International Assets Investment Management LLC’s holdings in United Parcel Service were worth $9,954,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Coston McIsaac & Partners increased its holdings in shares of United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares during the period. Generali Asset Management SPA SGR increased its holdings in shares of United Parcel Service by 3.0% in the fourth quarter. Generali Asset Management SPA SGR now owns 59,314 shares of the transportation company’s stock worth $5,883,000 after purchasing an additional 1,706 shares during the period. FSB Premier Wealth Management Inc. bought a new position in shares of United Parcel Service in the fourth quarter worth $252,000. MGO One Seven LLC increased its holdings in shares of United Parcel Service by 29.1% in the fourth quarter. MGO One Seven LLC now owns 22,461 shares of the transportation company’s stock worth $2,228,000 after purchasing an additional 5,064 shares during the period. Finally, Crestwood Advisors Group LLC increased its holdings in shares of United Parcel Service by 73.4% in the fourth quarter. Crestwood Advisors Group LLC now owns 4,259 shares of the transportation company’s stock worth $422,000 after purchasing an additional 1,803 shares during the period. Institutional investors own 60.26% of the company’s stock.

Key Headlines Impacting United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

United Parcel Service Stock Up 0.2%

Shares of NYSE:UPS opened at $100.05 on Friday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The firm has a fifty day moving average of $102.47 and a 200 day moving average of $102.21. The firm has a market capitalization of $84.95 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.59 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 (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the business earned $1.49 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.6%. The ex-dividend date is Monday, May 18th. United Parcel Service’s dividend payout ratio is presently 106.15%.

Analysts Set New Price Targets

UPS has been the topic of several research analyst reports. Weiss Ratings raised shares of United Parcel Service from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. JPMorgan Chase & Co. upped their price target 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. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. Stephens upped their target price on shares of United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Finally, Truist Financial upped their target price on shares of United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $111.87.

Get Our Latest Research Report on United Parcel Service

United Parcel Service Company Profile

(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.

See Also

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

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