United Parcel Service, Inc. (NYSE:UPS) is CFO4Life Group LLC’s Largest Position

CFO4Life Group LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 322,198 shares of the transportation company’s stock after acquiring an additional 5,328 shares during the period. United Parcel Service comprises approximately 8.7% of CFO4Life Group LLC’s portfolio, making the stock its biggest holding. CFO4Life Group LLC’s holdings in United Parcel Service were worth $47,888,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in United Parcel Service by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after buying an additional 178,394 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after purchasing an additional 8,475,698 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after purchasing an additional 14,410,073 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of United Parcel Service by 11.4% in the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after purchasing an additional 980,317 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $1,128,322,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS stock traded up $2.80 during mid-day trading on Friday, reaching $141.04. 1,656,043 shares of the company’s stock were exchanged, compared to its average volume of 3,978,314. The company has a market cap of $120.67 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. The stock’s 50 day moving average is $139.65 and its 200 day moving average is $147.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service, Inc. has a 12-month low of $132.90 and a 12-month high of $192.98.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS 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 business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter in the prior year, the firm earned $2.20 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. On average, research analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.62%. United Parcel Service’s payout ratio is currently 94.49%.

Wall Street Analysts Forecast Growth

UPS has been the topic of several research reports. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Wednesday, April 3rd. Stifel Nicolaus reduced their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Bank of America lifted their price target on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. cut their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus target price of $164.55.

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.