Trek Financial LLC Has $858,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Trek Financial LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 43.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,804 shares of the transportation company’s stock after acquiring an additional 2,050 shares during the quarter. Trek Financial LLC’s holdings in United Parcel Service were worth $858,000 as of its most recent SEC filing.

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

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $97.62 on Monday. United Parcel Service, Inc. has a 12 month low of $94.87 and a 12 month high of $153.42. The company has a market cap of $83.39 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.55 and a beta of 0.94. The business’s 50 day moving average is $115.82 and its two-hundred day moving average is $125.57. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $2.47 EPS. 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 business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.72%. The ex-dividend date was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup decreased their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $128.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. UBS Group cut their price objective on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a report on Thursday. Truist Financial initiated coverage on United Parcel Service in a research note on Thursday, March 13th. They issued a “buy” rating and a $140.00 target price on the stock. Finally, Evercore ISI lifted their price target on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.18.

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.