Thrivent Financial for Lutherans Has $141.80 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Thrivent Financial for Lutherans lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731,083 shares of the transportation company’s stock after selling 4,655 shares during the quarter. Thrivent Financial for Lutherans owned about 0.09% of United Parcel Service worth $141,803,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Journey Advisory Group LLC lifted its stake in United Parcel Service by 7.8% during the first quarter. Journey Advisory Group LLC now owns 1,990 shares of the transportation company’s stock worth $386,000 after purchasing an additional 144 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in United Parcel Service during the first quarter worth $666,000. DnB Asset Management AS lifted its stake in United Parcel Service by 0.6% during the first quarter. DnB Asset Management AS now owns 173,857 shares of the transportation company’s stock worth $33,727,000 after purchasing an additional 1,024 shares during the last quarter. ARK Investment Management LLC lifted its stake in United Parcel Service by 2.3% during the first quarter. ARK Investment Management LLC now owns 12,634 shares of the transportation company’s stock worth $2,451,000 after purchasing an additional 289 shares during the last quarter. Finally, MV Capital Management Inc. lifted its stake in United Parcel Service by 12.0% during the first quarter. MV Capital Management Inc. now owns 1,047 shares of the transportation company’s stock worth $203,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 58.45% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several recent analyst reports. Citigroup cut their target price on United Parcel Service from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday. Loop Capital cut United Parcel Service from a “buy” rating to a “hold” rating and cut their target price for the stock from $210.00 to $195.00 in a research note on Wednesday, August 9th. Evercore ISI dropped their price target on United Parcel Service from $185.00 to $179.00 and set an “in-line” rating for the company in a research note on Tuesday. UBS Group cut United Parcel Service from a “buy” rating to a “neutral” rating and dropped their price target for the company from $198.00 to $185.00 in a research note on Wednesday, August 9th. Finally, Bank of America dropped their price target on United Parcel Service from $190.00 to $177.00 and set a “neutral” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $187.38.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $156.59 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $176.53 and a two-hundred day moving average price of $178.75. United Parcel Service, Inc. has a 1-year low of $154.87 and a 1-year high of $197.80. The company has a market cap of $133.80 billion, a P/E ratio of 13.58, a PEG ratio of 1.67 and a beta of 1.09.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.05. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $23.04 billion. During the same period last year, the business posted $3.29 EPS. The business’s revenue was down 10.9% compared to the same quarter last year. As a group, analysts anticipate that United Parcel Service, Inc. will post 9.7 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 14th were paid a $1.62 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $6.48 annualized dividend and a dividend yield of 4.14%. United Parcel Service’s dividend payout ratio is presently 56.20%.

Insider Activity

In other news, insider Nando Cesarone sold 22,825 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $171.70, for a total value of $3,919,052.50. Following the completion of the sale, the insider now directly owns 1 shares in the company, valued at approximately $171.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by company insiders.

United Parcel Service Company Profile

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.