Mufg Securities Americas Inc. Takes $1.36 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Mufg Securities Americas Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,796 shares of the transportation company's stock, valued at approximately $1,361,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of United Parcel Service by 0.4% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 88,599 shares of the transportation company's stock valued at $11,173,000 after acquiring an additional 360 shares in the last quarter. NorthRock Partners LLC boosted its holdings in shares of United Parcel Service by 213.9% in the fourth quarter. NorthRock Partners LLC now owns 12,470 shares of the transportation company's stock valued at $1,572,000 after acquiring an additional 8,498 shares in the last quarter. Occudo Quantitative Strategies LP boosted its holdings in shares of United Parcel Service by 1,997.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 47,079 shares of the transportation company's stock valued at $5,937,000 after acquiring an additional 44,834 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in shares of United Parcel Service by 21.0% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 30,334 shares of the transportation company's stock valued at $3,825,000 after acquiring an additional 5,257 shares in the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $2,234,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a report on Thursday, May 1st. Morgan Stanley reduced their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Bank of America raised their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday. Baird R W cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group cut their target price on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Trading Up 0.8%

UPS traded up $0.85 during trading on Friday, hitting $101.20. 6,309,373 shares of the company's stock were exchanged, compared to its average volume of 5,080,844. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $149.71. The stock has a 50 day moving average price of $102.66 and a 200 day moving average price of $117.95. The firm has a market cap of $86.44 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. United Parcel Service's revenue for the quarter was down .9% on a year-over-year basis. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a dividend of $1.64 per share. The ex-dividend date is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.48%. United Parcel Service's payout ratio 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.