Mattern Capital Management LLC Has $736,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Mattern Capital Management LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 68.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,696 shares of the transportation company's stock after selling 14,304 shares during the period. Mattern Capital Management LLC's holdings in United Parcel Service were worth $736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Lecap Asset Management Ltd. grew its position in shares of United Parcel Service by 7.8% during the 1st quarter. Lecap Asset Management Ltd. now owns 19,236 shares of the transportation company's stock worth $2,116,000 after purchasing an additional 1,398 shares in the last quarter. Global Assets Advisory LLC grew its position in shares of United Parcel Service by 61.2% during the 1st quarter. Global Assets Advisory LLC now owns 4,884 shares of the transportation company's stock worth $490,000 after purchasing an additional 1,855 shares in the last quarter. Silver Lake Advisory LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth approximately $220,000. International Assets Investment Management LLC grew its position in shares of United Parcel Service by 1.6% during the 1st quarter. International Assets Investment Management LLC now owns 108,082 shares of the transportation company's stock worth $11,888,000 after purchasing an additional 1,695 shares in the last quarter. Finally, Pacific Sage Partners LLC grew its position in shares of United Parcel Service by 11.7% during the 1st quarter. Pacific Sage Partners LLC now owns 1,873 shares of the transportation company's stock worth $206,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

UPS has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Loop Capital cut their price target on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Susquehanna cut their price target on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Oppenheimer cut their price target on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial cut their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $100.66 on Wednesday. The company has a market cap of $85.24 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.76 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $97.89 and a 200 day simple moving average of $111.17. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion during 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 revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. Research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.52%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is currently 95.63%.

About United Parcel Service

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.

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