OLD Point Trust & Financial Services N A Acquires 441 Shares of United Parcel Service, Inc. (NYSE:UPS)

OLD Point Trust & Financial Services N A increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,672 shares of the transportation company’s stock after buying an additional 441 shares during the period. United Parcel Service comprises approximately 1.0% of OLD Point Trust & Financial Services N A’s investment portfolio, making the stock its 28th biggest holding. OLD Point Trust & Financial Services N A’s holdings in United Parcel Service were worth $2,985,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UPS. Principal Financial Group Inc. lifted its stake in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after purchasing an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new position in United Parcel Service in the fourth quarter worth about $461,000. Synovus Financial Corp lifted its position in shares of United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after buying an additional 6,941 shares during the last quarter. HF Advisory Group LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $1,305,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after buying an additional 28,108 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS stock opened at $117.42 on Thursday. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market cap of $100.30 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The business has a 50-day simple moving average of $120.49 and a 200-day simple moving average of $127.18.

United Parcel Service (NYSE:UPS) last announced its quarterly 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 period in the prior year, the firm earned $2.47 earnings per share. On average, equities analysts expect 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 given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.59%. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of analyst reports. Susquehanna decreased their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Bank of America decreased their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a report on Friday, January 31st. UBS Group dropped their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group decreased their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $138.09.

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.