Wellington Management Group LLP Sells 1,314,579 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wellington Management Group LLP lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.1% in the 4th quarter, HoldingsChannel reports. The fund owned 14,937,261 shares of the transportation company’s stock after selling 1,314,579 shares during the period. Wellington Management Group LLP’s holdings in United Parcel Service were worth $1,883,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UPS. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service during the 4th quarter valued at about $26,000. True Wealth Design LLC raised its stake in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. IFS Advisors LLC boosted its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Bank of America lowered their target price 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. The Goldman Sachs Group dropped their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Finally, Truist Financial started 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.57.

United Parcel Service Stock Performance

Shares of UPS stock opened at $109.66 on Monday. 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 $108.87 and a 12-month high of $154.29. The business’s 50 day moving average is $118.52 and its two-hundred day moving average is $126.40. The company has a market capitalization of $93.66 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last announced its earnings results 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 return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the business posted $2.47 EPS. Analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.98%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

United Parcel Service Company 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.