MV Capital Management Inc. Grows Stake in United Parcel Service, Inc. (NYSE:UPS)

MV Capital Management Inc. lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 51.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 547 shares of the transportation company’s stock after purchasing an additional 186 shares during the quarter. MV Capital Management Inc.’s holdings in United Parcel Service were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $1,075,393,000. Raymond James Financial Inc. bought a new position in United Parcel Service in the 4th quarter valued at approximately $393,680,000. Franklin Resources Inc. boosted its stake in United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Van ECK Associates Corp boosted its stake in United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after purchasing an additional 1,378,136 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. 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 report on Wednesday, April 30th. Citigroup lowered their target price on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Raymond James dropped their price target on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 9th. Bank of America boosted their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, UBS Group lowered their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $120.26.

United Parcel Service Trading Down 1.2%

Shares of UPS stock opened at $101.21 on Thursday. 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 capitalization of $85.70 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The stock’s 50-day moving average price is $97.22 and its 200-day moving average price is $113.33.

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

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.48%. United Parcel Service’s dividend payout ratio is currently 95.63%.

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.