MFG Wealth Management Inc. Purchases 8,455 Shares of United Parcel Service, Inc. $UPS

MFG Wealth Management Inc. grew its position in United Parcel Service, Inc. (NYSE:UPS) by 64.0% during the 4th quarter, HoldingsChannel reports. The fund owned 21,662 shares of the transportation company’s stock after purchasing an additional 8,455 shares during the period. United Parcel Service comprises about 1.7% of MFG Wealth Management Inc.’s investment portfolio, making the stock its 29th largest holding. MFG Wealth Management Inc.’s holdings in United Parcel Service were worth $2,149,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in United Parcel Service during the 2nd quarter valued at about $851,842,000. Laurel Wealth Advisors LLC raised its position in United Parcel Service by 11,517.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock worth $252,695,000 after purchasing an additional 2,481,864 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in United Parcel Service by 78.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock worth $412,528,000 after purchasing an additional 1,799,882 shares during the last quarter. Invesco Ltd. boosted its position in shares of United Parcel Service by 45.4% during the second quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock valued at $578,467,000 after buying an additional 1,789,467 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of United Parcel Service by 94.8% during the second quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock valued at $231,388,000 after buying an additional 1,119,372 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.6%

Shares of NYSE UPS opened at $95.94 on Friday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The firm has a market capitalization of $81.46 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.52 and a beta of 1.08. The stock has a 50 day moving average price of $109.19 and a 200 day moving average price of $98.20. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.20 by $0.18. The company had revenue of $24.48 billion for the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.United Parcel Service’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the business posted $2.75 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.8%. United Parcel Service’s dividend payout ratio is presently 100.00%.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Stephens boosted their price objective on United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. BNP Paribas Exane downgraded United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price objective on the stock. in a research report on Tuesday, January 13th. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $113.67.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.