Free Trial

United Parcel Service, Inc. $UPS Position Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

United Parcel Service logo with Transportation background
Image from MarketBeat Media, LLC.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,553,142 shares of the transportation company's stock after buying an additional 82,352 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of United Parcel Service worth $156,898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Shrier Wealth Management LLC acquired a new stake in United Parcel Service in the fourth quarter worth approximately $1,099,000. Victory Capital Management Inc. lifted its position in United Parcel Service by 10.5% in the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company's stock worth $667,109,000 after purchasing an additional 761,217 shares during the period. Jaffetilchin Investment Partners LLC lifted its position in United Parcel Service by 192.7% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company's stock worth $1,957,000 after purchasing an additional 12,993 shares during the period. Integrity Advisory Solutions LLC acquired a new stake in shares of United Parcel Service during the 3rd quarter valued at $6,868,000. Finally, Penn Davis Mcfarland Inc. lifted its position in shares of United Parcel Service by 66.9% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 57,201 shares of the transportation company's stock valued at $5,674,000 after acquiring an additional 22,929 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $99.97 on Thursday. The company's fifty day moving average is $102.78 and its two-hundred day moving average is $102.12. The company has a quick ratio of 1.22, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a market cap of $84.88 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06.

United Parcel Service (NYSE:UPS - Get Free Report) last announced 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 company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the business earned $1.49 EPS. The company's revenue was down 1.4% on a year-over-year basis. Equities analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial increased their price objective on United Parcel Service from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. BNP Paribas Exane downgraded United Parcel Service from a "neutral" rating to an "underperform" rating and set a $85.00 price objective for the company. in a research report on Tuesday, January 13th. JPMorgan Chase & Co. increased their price objective on United Parcel Service from $99.00 to $107.00 and gave the company a "neutral" rating in a research report on Wednesday, January 28th. Susquehanna increased 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, Citigroup increased 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. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $112.08.

Read Our Latest Analysis on United Parcel Service

Trending Headlines about United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

United Parcel Service Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in United Parcel Service Right Now?

Before you consider United Parcel Service, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Parcel Service wasn't on the list.

While United Parcel Service currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines