Truist Financial Corp Trims Stake in United Parcel Service, Inc. (NYSE:UPS)

Truist Financial Corp decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 519,111 shares of the transportation company’s stock after selling 57,718 shares during the quarter. Truist Financial Corp’s holdings in United Parcel Service were worth $65,460,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc raised its stake in United Parcel Service by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 137,490 shares of the transportation company’s stock valued at $17,337,000 after purchasing an additional 576 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of United Parcel Service by 0.7% during the fourth quarter. Sanctuary Advisors LLC now owns 114,130 shares of the transportation company’s stock worth $13,114,000 after buying an additional 775 shares in the last quarter. KLCM Advisors Inc. raised its position in shares of United Parcel Service by 4.5% in the fourth quarter. KLCM Advisors Inc. now owns 22,298 shares of the transportation company’s stock valued at $2,812,000 after buying an additional 968 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in shares of United Parcel Service by 1.1% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 15,911 shares of the transportation company’s stock valued at $2,006,000 after buying an additional 171 shares during the period. Finally, Americana Partners LLC boosted its position in United Parcel Service by 6.0% during the fourth quarter. Americana Partners LLC now owns 19,403 shares of the transportation company’s stock worth $2,447,000 after acquiring an additional 1,106 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price target for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Susquehanna dropped their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Bank of America lowered their price target on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Trading Up 0.6 %

Shares of UPS opened at $116.37 on Tuesday. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The stock’s 50-day moving average is $124.53 and its two-hundred day moving average is $128.77. 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 $99.31 billion, a PE ratio of 17.21, a P/E/G ratio of 1.50 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the firm posted $2.47 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.64%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 96.45%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

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.