Matrix Trust Co Sells 106 Shares of United Parcel Service, Inc. (NYSE:UPS)

Matrix Trust Co decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the 4th quarter, Holdings Channel reports. The fund owned 9,633 shares of the transportation company’s stock after selling 106 shares during the quarter. Matrix Trust Co’s holdings in United Parcel Service were worth $1,215,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in United Parcel Service by 271.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 394 shares of the transportation company’s stock worth $54,000 after purchasing an additional 288 shares during the period. Thoroughbred Financial Services LLC boosted its stake in United Parcel Service by 106.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,363 shares of the transportation company’s stock worth $597,000 after purchasing an additional 2,246 shares during the period. Wilkins Investment Counsel Inc. boosted its stake in United Parcel Service by 6.6% in the 2nd quarter. Wilkins Investment Counsel Inc. now owns 91,416 shares of the transportation company’s stock worth $12,510,000 after purchasing an additional 5,690 shares during the period. Mystic Asset Management Inc. boosted its stake in United Parcel Service by 6.1% in the 2nd quarter. Mystic Asset Management Inc. now owns 3,207 shares of the transportation company’s stock worth $439,000 after purchasing an additional 185 shares during the period. Finally, Kennon Green & Company LLC boosted its stake in United Parcel Service by 1.8% in the 2nd quarter. Kennon Green & Company LLC now owns 17,293 shares of the transportation company’s stock worth $2,367,000 after purchasing an additional 308 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Evercore ISI raised their target price on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their price target on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. UBS Group lifted their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Citigroup dropped their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $151.10.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Performance

Shares of UPS stock opened at $123.38 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a fifty-two week low of $122.01 and a fifty-two week high of $161.47. The stock has a 50 day moving average price of $129.54 and a two-hundred day moving average price of $131.16. The company has a market capitalization of $105.29 billion, a P/E ratio of 18.64, a PEG ratio of 2.11 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 earnings per share. Analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.28%. United Parcel Service’s dividend payout ratio is presently 98.49%.

United Parcel Service 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.