Asset Management One Co. Ltd. Boosts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Asset Management One Co. Ltd. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 281,559 shares of the transportation company’s stock after acquiring an additional 2,846 shares during the quarter. Asset Management One Co. Ltd.’s holdings in United Parcel Service were worth $35,507,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of UPS. International Assets Investment Management LLC boosted its holdings in United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after buying an additional 1,851,900 shares during the period. Van ECK Associates Corp lifted its holdings in shares of United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after buying an additional 1,620,091 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after buying an additional 1,320,921 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of United Parcel Service by 5,136.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock worth $147,242,000 after buying an additional 1,059,339 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UPS. Wells Fargo & Company lowered their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their price target on 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Stock Up 0.6 %

United Parcel Service stock opened at $116.37 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The business’s 50-day simple moving average is $124.72 and its two-hundred day simple moving average is $128.86. The company has a market cap of $99.31 billion, a PE ratio of 17.21, a PEG ratio of 1.50 and a beta of 0.98. 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 results 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 return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the firm posted $2.47 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.99 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.64%. United Parcel Service’s dividend payout ratio is presently 97.04%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service 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.