Matrix Trust Co Trims Position in United Parcel Service, Inc. (NYSE:UPS)

Matrix Trust Co cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,294 shares of the transportation company’s stock after selling 128 shares during the period. Matrix Trust Co’s holdings in United Parcel Service were worth $1,619,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in UPS. OFI Invest Asset Management purchased a new position in shares of United Parcel Service during the third quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $26,000. Life Planning Partners Inc purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $28,000. Bourgeon Capital Management LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $31,000. Finally, VisionPoint Advisory Group LLC increased its stake in shares of United Parcel Service by 69.5% during the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after buying an additional 98 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of several research reports. Stifel Nicolaus dropped their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Bank of America lifted their price target on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday. Raymond James dropped their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. Evercore ISI restated an “in-line” rating and set a $154.00 price target on shares of United Parcel Service in a research report on Wednesday, March 27th. Finally, UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price target for the company from $160.00 to $175.00 in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded up $0.20 during midday trading on Friday, reaching $147.59. 2,607,558 shares of the company’s stock traded hands, compared to its average volume of 3,897,331. The company has a market cap of $125.84 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The stock has a 50 day moving average of $149.56 and a 200 day moving average of $150.96.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.20 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is 94.49%.

Insider Activity at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is 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 express letters, documents, small packages, and palletized freight through air and ground services in the United States.