Asset Management One Co. Ltd. Has $33.02 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Asset Management One Co. Ltd. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 300,229 shares of the transportation company's stock after buying an additional 18,670 shares during the quarter. Asset Management One Co. Ltd.'s holdings in United Parcel Service were worth $33,022,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new stake in United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the 4th quarter worth about $30,000. Institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on UPS shares. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a "hold" rating and a $119.00 price objective for the company. Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. BMO Capital Markets decreased their price objective on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Loop Capital lowered their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $120.26.

United Parcel Service Price Performance

Shares of UPS traded down $1.12 during midday trading on Wednesday, hitting $99.50. The company's stock had a trading volume of 6,055,051 shares, compared to its average volume of 6,115,917. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The stock has a market capitalization of $84.26 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22. The company's fifty day simple moving average is $97.89 and its two-hundred day simple moving average is $111.17.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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 during 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.59%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

About United Parcel Service

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.