Mayar Capital Ltd. Has $13.16 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Mayar Capital Ltd. decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,320 shares of the transportation company’s stock after selling 14,368 shares during the period. United Parcel Service accounts for 17.2% of Mayar Capital Ltd.’s portfolio, making the stock its 2nd largest position. Mayar Capital Ltd.’s holdings in United Parcel Service were worth $13,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Impax Asset Management Group plc lifted its holdings in United Parcel Service by 22.4% in the third quarter. Impax Asset Management Group plc now owns 335,306 shares of the transportation company’s stock worth $45,716,000 after purchasing an additional 61,360 shares during the period. Graypoint LLC increased its position in shares of United Parcel Service by 82.0% during the 3rd quarter. Graypoint LLC now owns 3,052 shares of the transportation company’s stock valued at $416,000 after purchasing an additional 1,375 shares during the period. Principal Financial Group Inc. raised its stake in shares of United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after buying an additional 33,989 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of United Parcel Service during the 3rd quarter valued at about $54,000. Finally, Easterly Investment Partners LLC raised its holdings in shares of United Parcel Service by 63.5% in the 3rd quarter. Easterly Investment Partners LLC now owns 11,076 shares of the transportation company’s stock worth $1,510,000 after purchasing an additional 4,302 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.9 %

UPS stock opened at $121.59 on Friday. The business has a fifty day moving average price of $121.73 and a 200 day moving average price of $127.77. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market capitalization of $103.85 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the firm posted $2.47 earnings per share. Analysts expect 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 was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UPS. UBS Group cut their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Susquehanna lowered their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a report on Wednesday, January 8th. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.00.

About United Parcel Service

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.