King Luther Capital Management Corp Invests $673,000 in United Parcel Service, Inc. $UPS

King Luther Capital Management Corp purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, Holdings Channel reports. The firm purchased 6,787 shares of the transportation company’s stock, valued at approximately $673,000.

Other institutional investors also recently modified their holdings of the company. Shrier Wealth Management LLC bought a new position in shares of United Parcel Service during the fourth quarter valued at $1,099,000. Victory Capital Management Inc. raised its stake in shares of United Parcel Service by 10.5% during the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after acquiring an additional 761,217 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its stake in shares of United Parcel Service by 192.7% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock valued at $1,957,000 after acquiring an additional 12,993 shares during the last quarter. Integrity Advisory Solutions LLC bought a new position in shares of United Parcel Service during the third quarter valued at $6,868,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of United Parcel Service by 5.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,470,790 shares of the transportation company’s stock valued at $122,855,000 after acquiring an additional 71,764 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.2%

UPS opened at $106.85 on Friday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average of $101.02 and a 200-day moving average of $103.08. The stock has a market cap of $90.82 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.70 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the company posted $1.49 earnings per share. United Parcel Service’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be given a dividend of $1.64 per share. The ex-dividend date is Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.1%. United Parcel Service’s dividend payout ratio is 106.15%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UPS shares. Citigroup raised their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Evercore dropped their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. Susquehanna raised their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, UBS Group dropped their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.