Mizuho Securities USA LLC Sells 10,756 Shares of United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Mizuho Securities USA LLC reduced its stake in United Parcel Service (UPS) by 15.5%, selling 10,756 shares, and now holds 58,561 shares valued at $6,441,000.
• Several institutional investors, including Vanguard Group and Goldman Sachs, made significant increases to their holdings in UPS during the first quarter.
• UPS declared a quarterly dividend of $1.64 per share, with an annual yield of 7.6%, while the company's dividend payout ratio is approximately 97.62%.

Mizuho Securities USA LLC lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,561 shares of the transportation company's stock after selling 10,756 shares during the period. Mizuho Securities USA LLC's holdings in United Parcel Service were worth $6,441,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company's stock valued at $7,274,323,000 after buying an additional 999,832 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock worth $2,754,751,000 after purchasing an additional 1,780,807 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after purchasing an additional 4,988,044 shares during the last quarter. Northern Trust Corp lifted its stake in United Parcel Service by 9.6% during the fourth quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company's stock worth $932,081,000 after purchasing an additional 648,539 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in United Parcel Service by 19.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock worth $815,102,000 after purchasing an additional 1,064,293 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their target price on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. UBS Group cut their target price on United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Finally, Daiwa America cut their target price on United Parcel Service from $120.00 to $103.00 in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus target price of $112.81.

United Parcel Service Stock Performance

NYSE UPS opened at $86.65 on Friday. The company has a market capitalization of $73.38 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 1.58 and a beta of 1.12. United Parcel Service, Inc. has a twelve month low of $84.28 and a twelve month high of $145.01. The stock has a fifty day simple moving average of $98.23 and a 200 day simple moving average of $104.44. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the previous year, the business posted $1.79 earnings per share. The business's revenue was down 2.7% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director owned 10,160 shares in the company, valued at approximately $878,840. The trade was a 96.90% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the firm's stock in a transaction on Friday, August 1st. The shares were acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company's stock.

United Parcel Service Company 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.

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