Richardson Capital Management LLC Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

Richardson Capital Management LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 350 shares of the transportation company’s stock, valued at approximately $44,000.

Other large investors also recently modified their holdings of the company. State Street Corp raised its position in United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after purchasing an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after buying an additional 1,320,921 shares during the period. Geode Capital Management LLC raised its position in shares of United Parcel Service by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after acquiring an additional 373,202 shares during the last quarter. FMR LLC lifted its stake in shares of United Parcel Service by 3.7% during the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after acquiring an additional 380,229 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in United Parcel Service by 6.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company’s stock valued at $632,518,000 after acquiring an additional 292,777 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on UPS shares. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Raymond James dropped their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Friday, January 31st. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Oppenheimer upped their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Trading Down 0.2 %

Shares of NYSE:UPS opened at $116.35 on Friday. The firm has a market cap of $99.38 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The company’s fifty day simple moving average is $123.21 and its 200 day simple moving average is $128.36. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the business posted $2.47 EPS. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.64%. United Parcel Service’s payout ratio is presently 97.04%.

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.