Mufg Securities Americas Inc. Purchases New Shares in United Parcel Service, Inc. (NYSE:UPS)

Mufg Securities Americas Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,796 shares of the transportation company’s stock, valued at approximately $1,361,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. Fiduciary Alliance LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth $325,000. Wedmont Private Capital lifted its stake in shares of United Parcel Service by 30.2% in the fourth quarter. Wedmont Private Capital now owns 3,133 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 726 shares during the period. Elevated Capital Advisors LLC boosted its holdings in United Parcel Service by 9.4% during the fourth quarter. Elevated Capital Advisors LLC now owns 4,855 shares of the transportation company’s stock worth $612,000 after buying an additional 417 shares in the last quarter. First Financial Corp IN boosted its holdings in United Parcel Service by 205.8% during the fourth quarter. First Financial Corp IN now owns 471 shares of the transportation company’s stock worth $59,000 after buying an additional 317 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in United Parcel Service during the fourth quarter worth about $130,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Morgan Stanley cut their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Wolfe Research dropped their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, Evercore ISI lifted their price objective on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and an average price target of $120.87.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $99.80 on Wednesday. The stock has a market cap of $85.25 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $153.42. The company’s fifty day moving average is $103.51 and its 200 day moving average is $118.32. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The business’s revenue was down .9% on a year-over-year basis. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Monday, May 19th. United Parcel Service’s dividend payout ratio is presently 95.63%.

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.