Resona Asset Management Co. Ltd. Has $23.62 Million Stock Position in United Parcel Service, Inc. $UPS

Resona Asset Management Co. Ltd. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 237,909 shares of the transportation company’s stock after selling 10,333 shares during the period. Resona Asset Management Co. Ltd.’s holdings in United Parcel Service were worth $23,619,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Westbourne Investments Inc. lifted its position in shares of United Parcel Service by 1.2% during the 4th quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock worth $781,000 after purchasing an additional 91 shares during the last quarter. Webster Bank N. A. lifted its position in shares of United Parcel Service by 16.7% during the 4th quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock worth $69,000 after purchasing an additional 100 shares during the last quarter. Peoples Financial Services CORP. lifted its position in shares of United Parcel Service by 2.5% during the 4th quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock worth $400,000 after purchasing an additional 100 shares during the last quarter. Argyle Capital Management LLC lifted its position in shares of United Parcel Service by 0.4% during the 4th quarter. Argyle Capital Management LLC now owns 27,505 shares of the transportation company’s stock worth $2,728,000 after purchasing an additional 100 shares during the last quarter. Finally, Spurstone Advisory Services LLC lifted its position in shares of United Parcel Service by 2.7% during the 4th quarter. Spurstone Advisory Services LLC now owns 3,742 shares of the transportation company’s stock worth $371,000 after purchasing an additional 100 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 1.3%

Shares of United Parcel Service stock opened at $96.79 on Wednesday. The stock has a market capitalization of $82.27 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.52 and a beta of 1.06. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a 50-day simple moving average of $100.41 and a 200 day simple moving average of $102.70. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41.

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

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be given a dividend of $1.64 per share. The ex-dividend date is Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.8%. United Parcel Service’s payout ratio is currently 106.15%.

Analyst Ratings Changes

Several equities analysts recently commented on UPS shares. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Evercore cut their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. Wells Fargo & Company upped their target price on shares of United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Finally, TD Cowen upped their price target on United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $111.87.

United Parcel Service Company Profile

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.