Federated Hermes Inc. Has $204.79 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Federated Hermes Inc. lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,624,016 shares of the transportation company’s stock after buying an additional 33,292 shares during the period. Federated Hermes Inc.’s holdings in United Parcel Service were worth $204,788,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of UPS. IMG Wealth Management Inc. bought a new position in United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $26,000. IFS Advisors LLC grew its stake in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter worth $30,000. Finally, Whipplewood Advisors LLC bought a new stake in United Parcel Service during the fourth quarter worth $34,000. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. UBS Group reduced their price target on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research note on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective on the stock. Raymond James reduced their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-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 issued a hold rating, thirteen have issued a buy rating and one has assigned 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 a consensus target price of $133.18.

United Parcel Service Price Performance

United Parcel Service stock opened at $97.62 on Friday. The firm has a market cap of $83.39 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock’s fifty day moving average price is $115.82 and its two-hundred day moving average price is $125.60. United Parcel Service, Inc. has a one year low of $96.57 and a one year high of $153.42.

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 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 previous year, the company earned $2.47 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal 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 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 dividend yield of 6.72%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

United Parcel Service Company 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.