MFG Wealth Management Inc. Purchases New Position in United Parcel Service, Inc. (NYSE:UPS)

MFG Wealth Management Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 14,668 shares of the transportation company's stock, valued at approximately $1,613,000.

Other hedge funds have also made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service during the 4th quarter valued at about $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new position in United Parcel Service in the 4th quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on UPS. Wolfe Research cut their price target on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Susquehanna cut their target price on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, Barclays cut their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Stock Up 1.4%

NYSE:UPS traded up $1.40 during mid-day trading on Thursday, hitting $100.77. The stock had a trading volume of 4,160,570 shares, compared to its average volume of 5,189,384. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The stock has a 50-day simple moving average of $98.00 and a two-hundred day simple moving average of $111.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $85.33 billion, a PE ratio of 14.69, a PEG ratio of 1.77 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 EPS. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

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