Boston Family Office LLC Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

Boston Family Office LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 52.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,725 shares of the transportation company’s stock after selling 1,936 shares during the quarter. Boston Family Office LLC’s holdings in United Parcel Service were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pacific Sage Partners LLC boosted its holdings in shares of United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares during the last quarter. Quent Capital LLC boosted its stake in United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after buying an additional 80 shares during the last quarter. Gleason Group Inc. boosted its stake in United Parcel Service by 1.3% during the fourth quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock valued at $840,000 after buying an additional 84 shares during the last quarter. Dunhill Financial LLC increased its stake in United Parcel Service by 4.9% in the 3rd quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company’s stock worth $250,000 after acquiring an additional 86 shares during the last quarter. Finally, Weaver Consulting Group increased its position in United Parcel Service by 3.0% in the third quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company’s stock worth $416,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.6 %

Shares of United Parcel Service stock opened at $109.29 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market cap of $93.35 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.55 and a beta of 0.94. The firm’s 50-day moving average is $117.65 and its two-hundred day moving average is $126.15. United Parcel Service, Inc. has a 1 year low of $108.18 and a 1 year high of $154.29.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the firm earned $2.47 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is 97.04%.

Wall Street Analyst Weigh In

UPS has been the subject of a number of recent research reports. Bank of America dropped their price objective on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Truist Financial initiated coverage on United Parcel Service in a research note on Thursday, March 13th. They issued a “buy” rating and a $140.00 price objective for the company. Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.83.

About United Parcel Service

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.