Dai ichi Life Insurance Company Ltd Sells 603 Shares of United Parcel Service, Inc. (NYSE:UPS)

Dai ichi Life Insurance Company Ltd decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,581 shares of the transportation company’s stock after selling 603 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in United Parcel Service were worth $4,808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. Tennessee Valley Asset Management Partners bought a new position in United Parcel Service in the 4th quarter worth about $26,000. Life Planning Partners Inc purchased a new position in shares of United Parcel Service during the 4th quarter valued at about $28,000. Northwest Financial Advisors purchased a new position in United Parcel Service in the 4th quarter worth approximately $28,000. Bourgeon Capital Management LLC purchased a new position in United Parcel Service in the 4th quarter worth approximately $31,000. Finally, VisionPoint Advisory Group LLC increased its stake in United Parcel Service by 69.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after purchasing an additional 98 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $2.69 during mid-day trading on Thursday, reaching $141.08. The company’s stock had a trading volume of 544,582 shares, compared to its average volume of 3,990,170. The firm has a market capitalization of $120.70 billion, a PE ratio of 20.84, a P/E/G ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The stock has a fifty day moving average of $148.44 and a two-hundred day moving average of $150.90. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.20 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.62%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UPS shares. Argus lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Stifel Nicolaus cut their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Susquehanna lifted their price objective on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price target for the company from $160.00 to $175.00 in a research report on Tuesday, February 6th. Finally, Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $165.00 to $170.00 in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $165.23.

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.