Retirement Planning Co of New England Inc. Buys 116 Shares of United Parcel Service, Inc. (NYSE:UPS)

Retirement Planning Co of New England Inc. lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,519 shares of the transportation company’s stock after acquiring an additional 116 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in United Parcel Service were worth $318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Pacific Sage Partners LLC raised its position in shares of United Parcel Service by 4.8% during the fourth 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 last quarter. Banco Santander S.A. grew its stake in United Parcel Service by 0.6% during the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after acquiring an additional 79 shares in the last quarter. 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 acquiring an additional 80 shares during the last quarter. Tradewinds LLC. lifted its stake in United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after purchasing an additional 81 shares in the last quarter. Finally, Gleason Group Inc. boosted its holdings in shares of United Parcel Service by 1.3% during the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock valued at $840,000 after purchasing an additional 84 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Up 1.2 %

UPS opened at $118.13 on Tuesday. The stock has a market cap of $100.91 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.55 and a beta of 0.94. The stock’s 50 day moving average price is $120.79 and its 200-day moving average price is $127.32. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last released its 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 quarter in the previous year, the business earned $2.47 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.55%. United Parcel Service’s payout ratio is presently 97.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UPS shares. Bank of America decreased their target price on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Truist Financial started coverage on United Parcel Service in a research report on Thursday, March 13th. They issued a “buy” rating and a $140.00 target price on the stock. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Citigroup decreased their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 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. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $138.09.

About United Parcel Service

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.