Royal Fund Management LLC Sells 12,917 Shares of United Parcel Service, Inc. $UPS

Royal Fund Management LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 56.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,914 shares of the transportation company’s stock after selling 12,917 shares during the quarter. Royal Fund Management LLC’s holdings in United Parcel Service were worth $983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of United Parcel Service by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 67,277,988 shares of the transportation company’s stock valued at $5,619,730,000 after acquiring an additional 372,850 shares during the last quarter. State Street Corp raised its position in shares of United Parcel Service by 0.9% in the 3rd quarter. State Street Corp now owns 31,063,250 shares of the transportation company’s stock valued at $2,594,713,000 after acquiring an additional 288,720 shares during the period. Victory Capital Management Inc. raised its position in shares of United Parcel Service by 10.5% in 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 period. Invesco Ltd. boosted its stake in United Parcel Service by 17.3% during the 3rd quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock worth $561,678,000 after acquiring an additional 993,461 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in United Parcel Service by 10.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,072,282 shares of the transportation company’s stock worth $423,746,000 after acquiring an additional 486,384 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UPS. Bank of America raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 target price for the company in a research note on Friday, January 9th. Truist Financial lifted their price target 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. UBS Group boosted their price target on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Evercore upped their price objective on shares of United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Finally, Stephens raised their price objective on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average target price of $113.67.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

United Parcel Service Price Performance

NYSE UPS opened at $98.20 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $83.38 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.49 and a beta of 1.08. The business has a 50 day simple moving average of $107.76 and a 200 day simple moving average of $99.01. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.75 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s payout ratio is currently 100.00%.

United Parcel Service Company Profile

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.