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

MFG Wealth Management Inc. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 64.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,662 shares of the transportation company’s stock after purchasing an additional 8,455 shares during the quarter. United Parcel Service comprises 1.7% of MFG Wealth Management Inc.’s portfolio, making the stock its 29th biggest holding. MFG Wealth Management Inc.’s holdings in United Parcel Service were worth $2,149,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Evelyn Partners Investment Management Europe Ltd boosted its stake in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares during the period. Salzhauer Michael bought a new stake in shares of United Parcel Service during the third quarter valued at approximately $31,000. Physician Wealth Advisors Inc. lifted its holdings in shares of United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after buying an additional 163 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of United Parcel Service in the second quarter worth $34,000. Finally, Avion Wealth boosted its position in shares of United Parcel Service by 284.1% during the third quarter. Avion Wealth now owns 434 shares of the transportation company’s stock worth $36,000 after acquiring an additional 321 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction that occurred 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 filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

UPS has been the subject of several research analyst reports. Jefferies Financial Group raised their target price on shares of United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Susquehanna increased their price objective on shares of United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Oppenheimer raised their price objective on United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Stephens lifted their target price on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft boosted 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 investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $113.67.

United Parcel Service Price Performance

UPS stock 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 P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.52 and a beta of 1.08. The company has a fifty day simple moving average of $109.19 and a two-hundred day simple moving average of $98.20. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45.

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

United Parcel Service Announces Dividend

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

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.