MV Capital Management Inc. Has $144,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

MV Capital Management Inc. lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.6% in the first quarter, according to the company in 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.

Other institutional investors have also recently bought and sold shares of the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of United Parcel Service by 70.2% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 316,953 shares of the transportation company’s stock worth $47,109,000 after acquiring an additional 130,755 shares during the last quarter. Applied Capital LLC FL raised its holdings in United Parcel Service by 4.6% during the 1st quarter. Applied Capital LLC FL now owns 8,584 shares of the transportation company’s stock worth $1,276,000 after purchasing an additional 381 shares during the last quarter. Woodmont Investment Counsel LLC lifted its position in United Parcel Service by 2.1% during the 1st quarter. Woodmont Investment Counsel LLC now owns 69,950 shares of the transportation company’s stock valued at $10,397,000 after purchasing an additional 1,419 shares during the period. Cullinan Associates Inc. boosted its stake in shares of United Parcel Service by 7.5% in the 1st quarter. Cullinan Associates Inc. now owns 58,728 shares of the transportation company’s stock valued at $8,729,000 after purchasing an additional 4,092 shares during the last quarter. Finally, Iams Wealth Management LLC boosted its stake in shares of United Parcel Service by 4.3% in the 1st quarter. Iams Wealth Management LLC now owns 38,906 shares of the transportation company’s stock valued at $5,749,000 after purchasing an additional 1,615 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.8 %

NYSE:UPS opened at $134.91 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a twelve month low of $132.90 and a twelve month high of $192.98. The company has a market cap of $115.42 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The business has a 50 day moving average price of $141.52 and a two-hundred day moving average price of $148.31.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter last year, the firm earned $2.20 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 4.83%. United Parcel Service’s payout ratio is presently 94.49%.

Analysts Set New Price Targets

Several brokerages recently weighed in on UPS. Morgan Stanley increased their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. Evercore ISI cut their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. BMO Capital Markets lifted their price objective on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 24th. Wells Fargo & Company started coverage on United Parcel Service in a report on Friday, June 7th. They issued an “overweight” rating and a $156.00 price objective for the company. Finally, Bank of America raised their target price on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $164.55.

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.