Motley Fool Wealth Management LLC Has $8.03 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Motley Fool Wealth Management LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,745 shares of the transportation company’s stock after selling 7,755 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in United Parcel Service were worth $8,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in UPS. Swedbank AB raised its holdings in United Parcel Service by 2.8% during the 3rd quarter. Swedbank AB now owns 280,509 shares of the transportation company’s stock worth $38,245,000 after purchasing an additional 7,675 shares during the last quarter. Summit Trail Advisors LLC raised its stake in United Parcel Service by 8.9% during the third quarter. Summit Trail Advisors LLC now owns 5,924 shares of the transportation company’s stock worth $808,000 after buying an additional 483 shares during the last quarter. Fisher Asset Management LLC lifted its holdings 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 valued at $16,916,000 after buying an additional 5,956 shares during the period. DRW Securities LLC bought a new stake in United Parcel Service during the third quarter valued at $1,040,000. Finally, Loomis Sayles & Co. L P grew its holdings in United Parcel Service by 58.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 97,712 shares of the transportation company’s stock worth $13,322,000 after acquiring an additional 36,091 shares during the period. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UPS. Loop Capital cut their target price on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. The Goldman Sachs Group cut their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Truist Financial initiated coverage on shares of United Parcel Service in a research note on Thursday, March 13th. They set a “buy” rating and a $140.00 target price on the stock. Finally, Raymond James decreased their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $137.91.

United Parcel Service Stock Performance

Shares of UPS opened at $110.01 on Wednesday. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $157.99. The stock’s fifty day moving average price is $119.63 and its two-hundred day moving average price is $126.79. The firm has a market cap of $93.97 billion, a PE ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 in the previous year, the firm earned $2.47 EPS. On average, equities research 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. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.96%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

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.