Generali Investments Management Co LLC Acquires 429 Shares of United Parcel Service, Inc. (NYSE:UPS)

Generali Investments Management Co LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 209.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 634 shares of the transportation company’s stock after acquiring an additional 429 shares during the period. Generali Investments Management Co LLC’s holdings in United Parcel Service were worth $70,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Quent Capital LLC lifted its stake in shares of United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 80 shares during the period. Altus Wealth Group LLC lifted its stake in shares of United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock valued at $255,000 after purchasing an additional 89 shares during the period. Alliance Wealth Advisors LLC lifted its stake in shares of United Parcel Service by 3.8% in the 4th quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company’s stock valued at $323,000 after purchasing an additional 94 shares during the period. Morningstar Investment Management LLC lifted its stake in shares of United Parcel Service by 1.9% in the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company’s stock valued at $637,000 after purchasing an additional 95 shares during the period. Finally, Colonial Trust Co SC lifted its stake in shares of United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock valued at $911,000 after purchasing an additional 98 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the topic of several research analyst reports. Galvan Research dropped their price objective on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Loop Capital dropped their price objective on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Truist Financial lowered their target price on United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Oppenheimer lowered their target price on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Susquehanna lowered their target price on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Trading Up 1.4%

Shares of UPS stock opened at $98.24 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market cap of $83.19 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The stock has a 50 day simple moving average of $97.32 and a 200 day simple moving average of $113.99. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.68%. United Parcel Service’s dividend payout ratio is currently 95.63%.

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.