FUKOKU MUTUAL LIFE INSURANCE Co Has $334,000 Position in United Parcel Service, Inc. (NYSE:UPS)

FUKOKU MUTUAL LIFE INSURANCE Co lessened its position in United Parcel Service, Inc. (NYSE:UPS) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,652 shares of the transportation company’s stock after selling 508 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in United Parcel Service were worth $334,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the business. Mn Services Vermogensbeheer B.V. lifted its position in shares of United Parcel Service by 2.2% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 287,099 shares of the transportation company’s stock worth $36,203,000 after purchasing an additional 6,300 shares in the last quarter. New York Life Investment Management LLC boosted its stake in shares of United Parcel Service by 0.5% during the 4th quarter. New York Life Investment Management LLC now owns 108,894 shares of the transportation company’s stock worth $13,732,000 after buying an additional 521 shares during the last quarter. Heritage Investors Management Corp grew its holdings in shares of United Parcel Service by 0.6% in the 4th quarter. Heritage Investors Management Corp now owns 82,448 shares of the transportation company’s stock valued at $10,397,000 after acquiring an additional 507 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $34,000. Finally, Carlson Capital L.P. bought a new stake in United Parcel Service during the fourth quarter worth about $807,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 1.1 %

UPS opened at $116.83 on Thursday. The company’s 50-day moving average price is $122.64 and its two-hundred day moving average price is $128.19. 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, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The stock has a market cap of $99.79 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the business earned $2.47 earnings per share. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share 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. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.61%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 97.04%.

Analyst Ratings Changes

A number of brokerages recently weighed in on UPS. Citigroup lowered their target price on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Robert W. Baird lowered United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $160.00 to $130.00 in a research note on Friday, January 31st. StockNews.com lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus reduced their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, 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 note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

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.