MJT & Associates Financial Advisory Group Inc. Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

Key Points

• MJT & Associates Financial Advisory Group Inc. invested $332,000 in United Parcel Service, acquiring 3,022 shares during the first quarter.
• United Parcel Service reported earnings of $1.49 per share for the last quarter, exceeding analysts' expectations of $1.38, with a revenue of $21.50 billion.
• The company announced a quarterly dividend of $1.64, representing an annualized dividend of $6.56 and a yield of 6.33% with a payout ratio of 95.63%.

MJT & Associates Financial Advisory Group Inc. acquired a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,022 shares of the transportation company's stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after acquiring an additional 414,710 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. FMR LLC boosted its stake in shares of United Parcel Service by 2.5% in the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after purchasing an additional 268,278 shares during the last quarter. Northern Trust Corp grew its position in shares of United Parcel Service by 9.6% during the 4th quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company's stock worth $932,081,000 after buying an additional 648,539 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of United Parcel Service by 19.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock worth $815,102,000 after buying an additional 1,064,293 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 0.7%

NYSE:UPS traded down $0.63 on Thursday, reaching $86.55. 10,011,440 shares of the company's stock were exchanged, compared to its average volume of 6,190,753. The business has a fifty day moving average of $99.75 and a 200-day moving average of $106.69. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 52-week low of $85.76 and a 52-week high of $145.01. The firm has a market capitalization of $73.29 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same period last year, the business earned $1.79 EPS. The firm's revenue was down 2.7% compared to the same quarter last year. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 7.58%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is 97.62%.

Analyst Ratings Changes

A number of research firms recently commented on UPS. Evercore ISI dropped their price objective on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a report on Wednesday. Galvan Research cut their price target on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. Wolfe Research decreased their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a report on Tuesday, July 1st. Jefferies Financial Group cut their target price on shares of United Parcel Service from $150.00 to $130.00 in a report on Wednesday, April 30th. Finally, Daiwa America decreased their price target on shares of United Parcel Service from $120.00 to $103.00 in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $113.38.

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.