Slagle Financial LLC Boosts Stake in United Parcel Service, Inc. (NYSE:UPS)

Slagle Financial LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,913 shares of the transportation company’s stock after acquiring an additional 668 shares during the quarter. Slagle Financial LLC’s holdings in United Parcel Service were worth $2,637,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Fisher Asset Management LLC raised its position in United Parcel Service by 5.0% in the third quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company’s stock worth $16,916,000 after acquiring an additional 5,956 shares during the period. The Manufacturers Life Insurance Company lifted its stake in United Parcel Service by 3.1% in the third quarter. The Manufacturers Life Insurance Company now owns 586,735 shares of the transportation company’s stock valued at $79,995,000 after purchasing an additional 17,378 shares during the last quarter. Townsquare Capital LLC grew its holdings in United Parcel Service by 7.0% during the third quarter. Townsquare Capital LLC now owns 82,858 shares of the transportation company’s stock valued at $11,297,000 after purchasing an additional 5,444 shares during the period. CreativeOne Wealth LLC increased its position in United Parcel Service by 23.0% in the third quarter. CreativeOne Wealth LLC now owns 14,532 shares of the transportation company’s stock worth $1,981,000 after buying an additional 2,720 shares during the last quarter. Finally, Providence Capital Advisors LLC raised its stake in shares of United Parcel Service by 27.7% in the third quarter. Providence Capital Advisors LLC now owns 25,795 shares of the transportation company’s stock valued at $3,517,000 after buying an additional 5,597 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UPS has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Wells Fargo & Company reduced their target price on shares of United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Susquehanna lowered their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Truist Financial initiated coverage on United Parcel Service in a report on Thursday, March 13th. They issued a “buy” rating and a $140.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $137.57.

United Parcel Service Price Performance

UPS opened at $111.05 on Friday. The stock has a market capitalization of $94.85 billion, a P/E ratio of 16.43, a PEG ratio of 1.55 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $154.29. The stock has a 50-day moving average price of $118.92 and a 200-day moving average price of $126.58.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 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 previous year, the company earned $2.47 EPS. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.91%. United Parcel Service’s payout ratio is currently 97.04%.

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.