AIA Group Ltd Lowers Stock Position in United Parcel Service, Inc. (NYSE:UPS)

AIA Group Ltd reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 82.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,504 shares of the transportation company’s stock after selling 15,979 shares during the quarter. AIA Group Ltd’s holdings in United Parcel Service were worth $442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacific Sage Partners LLC increased its position in shares of United Parcel Service by 4.8% in 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 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 worth $70,000 after acquiring an additional 80 shares in the last quarter. Gleason Group Inc. raised its position in United Parcel Service by 1.3% during the fourth quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock worth $840,000 after acquiring an additional 84 shares during the period. Dunhill Financial LLC lifted its stake in United Parcel Service by 4.9% in the 3rd quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company’s stock valued at $250,000 after buying an additional 86 shares in the last quarter. Finally, Weaver Consulting Group lifted its position in shares of United Parcel Service by 3.0% in the third quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company’s stock valued at $416,000 after acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Evercore ISI raised their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. 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 price objective for the company. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Susquehanna dropped their price target on United Parcel Service from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.83.

United Parcel Service Trading Down 0.6 %

Shares of UPS stock opened at $109.29 on Wednesday. The stock has a market capitalization of $93.35 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a fifty-two week low of $108.18 and a fifty-two week high of $154.29. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a 50 day moving average price of $117.65 and a 200 day moving average price of $126.15.

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

United Parcel Service Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 6.00%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date 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.