Corient Private Wealth LLC Has $49.47 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Corient Private Wealth LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 14.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 395,523 shares of the transportation company’s stock after selling 65,168 shares during the quarter. Corient Private Wealth LLC’s holdings in United Parcel Service were worth $49,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of UPS. Principal Financial Group Inc. grew its position in United Parcel Service by 4.3% in 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 acquired a new stake in United Parcel Service during the fourth quarter worth about $461,000. Synovus Financial Corp grew its position in United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after buying an additional 6,941 shares in the last quarter. HF Advisory Group LLC acquired a new position in United Parcel Service in the 4th quarter valued at approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC lifted 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 acquiring an additional 28,108 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UPS shares. Susquehanna lowered their price objective on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a “hold” rating and a $119.00 target price on the stock. 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 target for the company. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Citigroup dropped their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Price Performance

United Parcel Service stock 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. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month 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 business’s 50-day simple moving average is $120.79 and its 200 day simple moving average is $127.32.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the business posted $2.47 earnings per share. As a group, research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.55%. United Parcel Service’s dividend payout ratio 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.