MV Capital Management Inc. Sells 233 Shares of United Parcel Service, Inc. (NYSE:UPS)

MV Capital Management Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 39.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361 shares of the transportation company’s stock after selling 233 shares during the quarter. MV Capital Management Inc.’s holdings in United Parcel Service were worth $46,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allianz SE acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $8,838,000. WealthTrak Capital Management LLC bought a new position in shares of United Parcel Service during the fourth quarter worth $364,000. Allstate Corp acquired a new position in shares of United Parcel Service in the 4th quarter valued at $2,736,000. DnB Asset Management AS increased its position in shares of United Parcel Service by 4.7% in the 4th quarter. DnB Asset Management AS now owns 267,467 shares of the transportation company’s stock valued at $33,728,000 after buying an additional 12,119 shares in the last quarter. Finally, Alerus Financial NA raised its stake in United Parcel Service by 2.4% during the 4th quarter. Alerus Financial NA now owns 13,508 shares of the transportation company’s stock worth $1,703,000 after buying an additional 316 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $109.66 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $154.29. The stock’s 50 day moving average price is $118.52 and its two-hundred day moving average price is $126.42. The firm has a market capitalization of $93.66 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 firm posted $2.47 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.98%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is 97.04%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on UPS shares. Truist Financial began coverage on United Parcel Service in a report on Thursday, March 13th. They issued a “buy” rating and a $140.00 price target for the company. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. UBS Group cut their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered 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. Finally, Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.57.

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.