MV Capital Management Inc. Purchases 77 Shares of United Parcel Service, Inc. (NYSE:UPS)

MV Capital Management Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 969 shares of the transportation company’s stock after purchasing an additional 77 shares during the period. MV Capital Management Inc.’s holdings in United Parcel Service were worth $144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in shares of United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP increased its position in shares of United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after purchasing an additional 8,475,698 shares during the last quarter. Norges Bank purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $1,128,322,000. First Trust Advisors LP raised its stake in shares of United Parcel Service by 208.1% during the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after purchasing an additional 1,160,005 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of United Parcel Service by 11.4% in the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after buying an additional 980,317 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on UPS. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Wednesday, April 3rd. Oppenheimer upped their price objective on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. TD Cowen reduced their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Finally, HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $164.55.

United Parcel Service Trading Down 0.8 %

Shares of United Parcel Service stock opened at $134.91 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service, Inc. has a 1 year low of $132.90 and a 1 year high of $192.98. The firm has a market cap of $115.42 billion, a PE ratio of 19.55, a PEG ratio of 1.74 and a beta of 0.98. The company has a 50 day simple moving average of $141.52 and a two-hundred day simple moving average of $148.31.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. Analysts expect that United Parcel Service, Inc. will post 8.22 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, May 30th. Investors of record on Monday, May 13th were issued a dividend of $1.63 per share. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.83%. United Parcel Service’s dividend payout ratio is 94.49%.

United Parcel Service 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.