2,660 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,660 shares of the transportation company’s stock, valued at approximately $395,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in United Parcel Service by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock worth $10,568,798,000 after purchasing an additional 178,394 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after buying an additional 8,475,698 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of United Parcel Service by 15,631.2% during the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after buying an additional 14,410,073 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of United Parcel Service by 11.4% in the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after buying an additional 980,317 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of United Parcel Service in the 4th quarter valued at $1,128,322,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UPS. Wells Fargo & Company started coverage on shares of United Parcel Service in a research report on Friday, June 7th. They issued an “overweight” rating and a $156.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Evercore ISI dropped their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Susquehanna boosted their target price 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. Finally, Morgan Stanley boosted their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Trading Up 0.3 %

Shares of UPS traded up $0.42 during mid-day trading on Friday, hitting $145.18. The company had a trading volume of 3,073,801 shares, compared to its average volume of 3,811,202. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98. The business’s 50-day simple moving average is $139.40 and its 200-day simple moving average is $146.54. The stock has a market cap of $124.21 billion, a PE ratio of 21.04, a P/E/G ratio of 1.86 and a beta of 0.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the business earned $2.20 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 8.15 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.49%. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.