United Parcel Service, Inc. (NYSE:UPS) Stock Position Trimmed by Eaton Financial Holdings Company LLC

Eaton Financial Holdings Company LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,253 shares of the transportation company’s stock after selling 237 shares during the quarter. Eaton Financial Holdings Company LLC’s holdings in United Parcel Service were worth $915,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Pacific Sage Partners LLC increased its holdings in United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after buying an additional 77 shares during the period. Banco Santander S.A. increased its holdings in United Parcel Service by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after buying an additional 79 shares during the period. Quent Capital LLC increased its holdings in United Parcel Service by 16.7% in the 4th 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 period. Tradewinds LLC. increased its holdings in United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after buying an additional 81 shares during the period. Finally, Gleason Group Inc. increased its holdings in United Parcel Service by 1.3% in the 4th 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 period. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. Evercore ISI boosted their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Citigroup reduced their target price on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Truist Financial assumed coverage on shares of United Parcel Service in a research note on Thursday. They issued a “buy” rating and a $140.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $116.90 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. The stock has a market capitalization of $99.85 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.55 and a beta of 0.94. The business has a 50-day moving average price of $120.91 and a two-hundred day moving average price of $127.38. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95.

United Parcel Service (NYSE:UPS) last announced 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 return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the firm posted $2.47 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is presently 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.