Matrix Private Capital Group LLC Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Matrix Private Capital Group LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 12.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,922 shares of the transportation company’s stock after selling 274 shares during the period. Matrix Private Capital Group LLC’s holdings in United Parcel Service were worth $412,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mutual Advisors LLC lifted its holdings in United Parcel Service by 2.0% in the first quarter. Mutual Advisors LLC now owns 9,262 shares of the transportation company’s stock worth $1,986,000 after buying an additional 186 shares during the period. Ritholtz Wealth Management increased its position in shares of United Parcel Service by 16.2% during the first quarter. Ritholtz Wealth Management now owns 4,211 shares of the transportation company’s stock valued at $903,000 after acquiring an additional 588 shares in the last quarter. MBL Wealth LLC bought a new stake in United Parcel Service in the 1st quarter worth approximately $349,000. Bank Julius Baer & Co. Ltd Zurich grew its position in United Parcel Service by 94.9% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,212 shares of the transportation company’s stock worth $260,000 after purchasing an additional 590 shares during the period. Finally, Semmax Financial Advisors Inc. grew its position in United Parcel Service by 9.1% in the 1st quarter. Semmax Financial Advisors Inc. now owns 24,885 shares of the transportation company’s stock worth $5,337,000 after purchasing an additional 2,074 shares during the period. 59.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UPS has been the topic of several analyst reports. Evercore ISI reiterated an “outperform” rating and set a $227.00 price target (down previously from $255.00) on shares of United Parcel Service in a research note on Tuesday, July 12th. Raymond James dropped their price target on shares of United Parcel Service from $250.00 to $225.00 in a research note on Friday, July 15th. The Goldman Sachs Group decreased their price target on shares of United Parcel Service from $239.00 to $215.00 and set a “buy” rating on the stock in a research note on Tuesday, June 7th. UBS Group reduced their target price on shares of United Parcel Service from $226.00 to $221.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Finally, Wolfe Research downgraded shares of United Parcel Service from a “peer perform” rating to an “underperform” rating in a report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $215.82.

United Parcel Service Trading Up 1.3 %

Shares of United Parcel Service stock opened at $198.69 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. United Parcel Service, Inc. has a 12-month low of $165.34 and a 12-month high of $233.72. The firm has a market capitalization of $172.60 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.72 and a beta of 1.07. The firm’s 50 day simple moving average is $193.73 and its two-hundred day simple moving average is $192.14.

United Parcel Service (NYSE:UPSGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The transportation company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.15. The firm had revenue of $24.80 billion for the quarter, compared to analyst estimates of $24.59 billion. United Parcel Service had a net margin of 10.92% and a return on equity of 76.43%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.06 earnings per share. Analysts predict that United Parcel Service, Inc. will post 12.85 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were paid a $1.52 dividend. The ex-dividend date was Friday, August 12th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.06%. United Parcel Service’s payout ratio is currently 48.84%.

Insider Transactions at United Parcel Service

In other news, CMO Kevin M. Warren sold 23,366 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total value of $4,516,881.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Kathleen M. Gutmann sold 21,307 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the sale, the insider now owns 102,591 shares in the company, valued at $20,980,885.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Kevin M. Warren sold 23,366 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total transaction of $4,516,881.46. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

United Parcel Service Company Profile

(Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Further Reading

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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