Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 141,719 shares of the transportation company’s stock after buying an additional 2,688 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in United Parcel Service were worth $13,239,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Savior LLC bought a new stake in shares of United Parcel Service in the fourth quarter worth approximately $25,000. Clear Harbor Asset Management LLC purchased a new stake in United Parcel Service in the fourth quarter worth approximately $25,000. IndexIQ Advisors LLC bought a new stake in United Parcel Service in the 4th quarter worth approximately $28,000. TD Capital Management LLC bought a new stake in United Parcel Service in the 1st quarter worth approximately $28,000. Finally, Solstein Capital LLC purchased a new stake in United Parcel Service during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 56.64% of the company’s stock.
UPS traded up $0.42 on Friday, hitting $96.72. 2,396,741 shares of the company’s stock traded hands, compared to its average volume of 4,781,095. The company’s 50 day simple moving average is $96.01 and its 200-day simple moving average is $106.78. The firm has a market cap of $83.90 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 2.37 and a beta of 0.82. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $125.31. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 8.06.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.08). The business had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $17.17 billion. United Parcel Service had a return on equity of 152.81% and a net margin of 5.73%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 5.58 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $4.04 dividend on an annualized basis and a dividend yield of 4.18%. United Parcel Service’s dividend payout ratio is 53.65%.
A number of analysts recently commented on UPS shares. BMO Capital Markets cut United Parcel Service from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $95.00 to $85.00 in a research report on Wednesday, April 29th. UBS Group lowered shares of United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Sunday, April 19th. ValuEngine raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Thursday, May 14th. Citigroup reduced their target price on shares of United Parcel Service from $103.00 to $101.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Raymond James decreased their price target on shares of United Parcel Service from $140.00 to $135.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $110.32.
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.
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.