Truist Financial Corp Sells 8,641 Shares of United Parcel Service, Inc. (NYSE:UPS)

Truist Financial Corp lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,559,603 shares of the transportation company’s stock after selling 8,641 shares during the period. Truist Financial Corp’s holdings in United Parcel Service were worth $245,216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of United Parcel Service by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after acquiring an additional 628,944 shares during the period. International Assets Investment Management LLC boosted its position in shares of United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Wellington Management Group LLP increased its stake in shares of United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares in the last quarter. Northern Trust Corp raised its position in shares of United Parcel Service by 0.4% during the 3rd quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock valued at $1,311,177,000 after purchasing an additional 31,533 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of United Parcel Service by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,456,594 shares of the transportation company’s stock valued at $1,006,389,000 after buying an additional 142,546 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of analyst reports. Susquehanna increased their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday. Raymond James lowered their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Wednesday, April 3rd. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Finally, Bank of America raised their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $166.96.

United Parcel Service Trading Up 0.1 %

Shares of NYSE UPS traded up $0.14 during trading hours on Friday, hitting $147.53. 2,607,301 shares of the company traded hands, compared to its average volume of 4,330,030. The stock has a market capitalization of $125.79 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The company’s 50 day moving average price is $149.56 and its 200 day moving average price is $150.96. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the prior year, the firm posted $2.20 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 8.21 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

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.