United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.4% in the fourth quarter, HoldingsChannel reports. The firm owned 1,161,548 shares of the transportation company’s stock after buying an additional 99,617 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in United Parcel Service were worth $143,788,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the fourth quarter worth $25,000. Generali Investments Management Co LLC purchased a new position in United Parcel Service in the fourth quarter valued at $26,000. IFS Advisors LLC grew its stake in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC increased its holdings in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at about $30,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Raymond James lowered their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Susquehanna dropped their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Finally, Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $137.57.

United Parcel Service Stock Up 0.0 %

UPS stock opened at $111.05 on Friday. The company has a market cap of $94.85 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a fifty day moving average price of $118.92 and a 200 day moving average price of $126.58. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $154.29.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates 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 business earned $2.47 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.91%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) 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.