Larry Mathis Financial Planning LLC Makes New $720,000 Investment in United Parcel Service, Inc. $UPS

Larry Mathis Financial Planning LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,262 shares of the transportation company’s stock, valued at approximately $720,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. Vanguard Group Inc. lifted its stake in shares of United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock worth $6,794,160,000 after buying an additional 1,218,432 shares during the period. State Street Corp increased its position in shares of United Parcel Service by 3.3% in the 4th quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock valued at $3,183,268,000 after acquiring an additional 1,029,377 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of United Parcel Service by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock valued at $2,692,290,000 after acquiring an additional 856,125 shares during the period. Geode Capital Management LLC raised its stake in United Parcel Service by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock worth $1,703,291,000 after acquiring an additional 240,253 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in United Parcel Service by 72.9% in the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after acquiring an additional 5,826,824 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. Citigroup boosted their price target on 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 cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. UBS Group decreased their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Evercore decreased their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. Finally, Susquehanna upped their target price on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average price target of $111.50.

United Parcel Service Trading Up 0.4%

NYSE UPS opened at $105.29 on Friday. The company has a market capitalization of $89.50 billion, a PE ratio of 17.04, a P/E/G ratio of 1.67 and a beta of 1.05. The company has a fifty day moving average of $104.09 and a 200 day moving average of $104.47. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results 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. The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.49 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.2%. United Parcel Service’s dividend payout ratio is presently 106.15%.

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.