Mirae Asset Global Investments Co. Ltd. Has $75.76 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 690,832 shares of the transportation company's stock after acquiring an additional 78,738 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of United Parcel Service worth $75,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UPS. LaFleur & Godfrey LLC boosted its position in shares of United Parcel Service by 62.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock valued at $785,000 after acquiring an additional 2,401 shares during the period. Brighton Jones LLC boosted its position in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. IFP Advisors Inc grew its position in shares of United Parcel Service by 270.4% during the 4th quarter. IFP Advisors Inc now owns 7,933 shares of the transportation company's stock worth $1,000,000 after purchasing an additional 5,791 shares in the last quarter. Lake Street Advisors Group LLC grew its position in shares of United Parcel Service by 4.5% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,255 shares of the transportation company's stock worth $537,000 after purchasing an additional 185 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $34,000. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UPS. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research note on Thursday, May 1st. Galvan Research cut their target price on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Raymond James Financial cut their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Bank of America upped their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given 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 target price of $120.26.

United Parcel Service Trading Up 0.6%

Shares of NYSE:UPS traded up $0.62 during mid-day trading on Friday, reaching $101.22. 5,867,283 shares of the company's stock were exchanged, compared to its average volume of 5,194,276. The firm has a market capitalization of $85.71 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.77 and a beta of 1.22. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The business's fifty day moving average price is $98.18 and its 200-day moving average price is $110.69. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is currently 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.