Nissay Asset Management Corp Japan ADV Raises Stake in United Parcel Service, Inc. (NYSE:UPS)

Nissay Asset Management Corp Japan ADV grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 88,599 shares of the transportation company’s stock after acquiring an additional 360 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in United Parcel Service were worth $11,173,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of United Parcel Service by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock worth $8,213,699,000 after purchasing an additional 370,705 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock worth $1,979,695,000 after purchasing an additional 414,710 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. Finally, FMR LLC boosted its position in shares of United Parcel Service by 2.5% during the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock worth $1,373,964,000 after purchasing an additional 268,278 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Evercore ISI boosted their target price on shares of 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. Susquehanna decreased their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Hsbc Global Res lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus target price of $120.87.

United Parcel Service Trading Down 0.3%

Shares of UPS stock opened at $99.54 on Thursday. The firm has a market cap of $85.02 billion, a P/E ratio of 14.72, a PEG ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $150.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm’s 50-day simple moving average is $103.07 and its 200-day simple moving average is $118.19.

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

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors 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 6.59%. The ex-dividend date is Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 95.63%.

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.