MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 10,074 Shares of United Parcel Service, Inc. (NYSE:UPS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 108,976 shares of the transportation company’s stock after buying an additional 10,074 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in United Parcel Service were worth $13,736,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Lazard Asset Management LLC raised its position in United Parcel Service by 52.1% in the 4th quarter. Lazard Asset Management LLC now owns 5,375 shares of the transportation company’s stock valued at $677,000 after buying an additional 1,842 shares during the last quarter. Interval Partners LP raised its holdings in shares of United Parcel Service by 272.5% in the fourth quarter. Interval Partners LP now owns 659,469 shares of the transportation company’s stock valued at $83,159,000 after purchasing an additional 482,431 shares during the last quarter. Investor s Fiduciary Advisor Network LLC bought a new position in shares of United Parcel Service during the fourth quarter valued at about $746,000. J. Goldman & Co LP bought a new position in shares of United Parcel Service during the fourth quarter valued at about $37,512,000. Finally, Janus Henderson Group PLC boosted its holdings in United Parcel Service by 316.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company’s stock worth $141,581,000 after purchasing an additional 853,388 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UPS shares. UBS Group decreased their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. StockNews.com lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Citigroup dropped their price target on United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, HSBC downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $120.87.

United Parcel Service Stock Up 0.6%

United Parcel Service stock opened at $100.26 on Friday. The firm has a 50 day simple moving average of $102.66 and a 200 day simple moving average of $117.95. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $150.03. The firm has a market capitalization of $85.64 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. On average, analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date is Monday, May 19th. United Parcel Service’s 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.