Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 93,267 shares of the transportation company’s stock after purchasing an additional 6,355 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in United Parcel Service were worth $10,422,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Exeter Financial LLC lifted its position in United Parcel Service by 11.0% during the first quarter. Exeter Financial LLC now owns 16,536 shares of the transportation company’s stock worth $1,848,000 after buying an additional 1,644 shares in the last quarter. Country Club Trust Company n.a. raised its position in United Parcel Service by 21.8% in the fourth quarter. Country Club Trust Company n.a. now owns 62,023 shares of the transportation company’s stock valued at $6,050,000 after purchasing an additional 11,106 shares during the period. Tredje AP fonden raised its position in United Parcel Service by 2.3% in the fourth quarter. Tredje AP fonden now owns 55,837 shares of the transportation company’s stock valued at $5,446,000 after purchasing an additional 1,243 shares during the period. Conning Inc. raised its position in United Parcel Service by 5.1% in the fourth quarter. Conning Inc. now owns 392,009 shares of the transportation company’s stock valued at $38,233,000 after purchasing an additional 18,898 shares during the period. Finally, Pinnacle Financial Partners Inc. raised its position in United Parcel Service by 3.7% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 42,697 shares of the transportation company’s stock valued at $4,165,000 after purchasing an additional 1,504 shares during the period. 55.58% of the stock is currently owned by institutional investors.
Shares of NYSE:UPS traded up $0.70 on Wednesday, hitting $94.77. 3,044,386 shares of the company’s stock were exchanged, compared to its average volume of 3,242,973. The stock has a market cap of $82.50 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.48 and a beta of 1.16. United Parcel Service, Inc. has a 1-year low of $89.89 and a 1-year high of $125.09. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.13 and a current ratio of 1.13.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.03). The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 earnings per share. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.47 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Monday, May 20th will be given a $0.96 dividend. The ex-dividend date is Friday, May 17th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 4.05%. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.
UPS has been the topic of a number of research analyst reports. Credit Suisse Group lifted their target price on United Parcel Service from $104.00 to $111.00 and gave the company a “neutral” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. Barclays reiterated a “hold” rating and issued a $112.00 price objective on shares of United Parcel Service in a report on Tuesday, January 29th. Berenberg Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the company from $125.00 to $130.00 in a report on Monday, April 1st. Finally, Bank of America reiterated a “neutral” rating and issued a $112.00 price objective (down previously from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. United Parcel Service currently has an average rating of “Hold” and a consensus target price of $120.58.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total value of $159,045.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.
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About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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