United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,438 shares of the transportation company’s stock after purchasing an additional 1,158 shares during the quarter. Bessemer Group Inc.’s holdings in United Parcel Service were worth $4,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. purchased a new stake in United Parcel Service in the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $26,000. IFS Advisors LLC increased its stake in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service in the 4th quarter valued at $30,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of United Parcel Service in the fourth quarter worth about $34,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.4 %

NYSE UPS opened at $96.95 on Friday. The firm’s fifty day moving average is $112.11 and its two-hundred day moving average is $123.97. 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 firm has a market cap of $82.81 billion, a PE ratio of 14.34, a P/E/G ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $153.42.

United Parcel Service (NYSE:UPS) last released its 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 period in the previous year, the firm posted $2.47 earnings per share. Analysts expect 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 given a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial began coverage on United Parcel Service in a research note on Thursday, March 13th. They set a “buy” rating and a $140.00 price objective on the stock. Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Bank of America lowered their target price on United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Barclays dropped their price target on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday, March 31st. Finally, Susquehanna cut their target price on shares of United Parcel Service from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $131.32.

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.