MUFG Securities EMEA plc Acquires 16,207 Shares of United Parcel Service, Inc. $UPS

MUFG Securities EMEA plc increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 115.0% during the 4th quarter, Holdings Channel reports. The firm owned 30,295 shares of the transportation company’s stock after buying an additional 16,207 shares during the period. MUFG Securities EMEA plc’s holdings in United Parcel Service were worth $3,005,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of UPS. Shrier Wealth Management LLC bought a new stake in United Parcel Service during the 4th quarter valued at approximately $1,099,000. Victory Capital Management Inc. boosted its position in United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after acquiring an additional 761,217 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in United Parcel Service by 192.7% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock valued at $1,957,000 after acquiring an additional 12,993 shares in the last quarter. Integrity Advisory Solutions LLC bought a new stake in United Parcel Service during the 3rd quarter valued at approximately $6,868,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in United Parcel Service by 5.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,470,790 shares of the transportation company’s stock valued at $122,855,000 after acquiring an additional 71,764 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on UPS shares. UBS Group cut their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Citigroup lifted their price objective on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Evercore cut their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Susquehanna lifted their price objective on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $111.50.

United Parcel Service Price Performance

UPS stock opened at $109.01 on Tuesday. The firm has a 50 day moving average price of $101.26 and a 200-day moving average price of $103.25. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The firm has a market capitalization of $92.66 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 1.70 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the business earned $1.49 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.