Matrix Trust Co Sells 128 Shares of United Parcel Service, Inc. (NYSE:UPS)

Matrix Trust Co trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.2% in the 4th quarter, HoldingsChannel reports. The fund owned 10,294 shares of the transportation company’s stock after selling 128 shares during the quarter. Matrix Trust Co’s holdings in United Parcel Service were worth $1,619,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 64 shares during the period. First Financial Corp IN grew its position in United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after acquiring an additional 65 shares during the period. Gleason Group Inc. grew its position in United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after acquiring an additional 66 shares during the period. Advisors Capital Management LLC boosted its position in shares of United Parcel Service by 0.5% during the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after buying an additional 69 shares during the period. Finally, Dfpg Investments LLC boosted its position in shares of United Parcel Service by 0.3% during the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after buying an additional 69 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.1 %

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

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

United Parcel Service Increases Dividend

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

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were acquired 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 of the company’s stock, valued at $199,220. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on UPS shares. Morgan Stanley raised their price target on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Stifel Nicolaus lowered their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lowered their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Finally, HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and raised their price target for the stock from $150.00 to $170.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $165.23.

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.