14,668 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by MFG Wealth Management Inc.

MFG Wealth Management Inc. purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,668 shares of the transportation company’s stock, valued at approximately $1,613,000.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company reissued an “equal weight” rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Loop Capital reduced their price target on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research report 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. Wolfe Research cut their price target on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, Galvan Research lowered their price objective on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, thirteen 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 data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Trading Down 1.1%

Shares of United Parcel Service stock opened at $99.50 on Thursday. 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 firm’s 50-day moving average price is $98.00 and its 200 day moving average price is $111.09. The firm has a market capitalization of $84.26 billion, a PE ratio of 14.50, a P/E/G ratio of 1.77 and a beta of 1.22. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the firm earned $1.43 EPS. The business’s revenue was down .9% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.59%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s payout ratio is 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.