Mitsubishi UFJ Asset Management Co. Ltd. Raises Holdings in United Parcel Service, Inc. (NYSE:UPS)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 722,506 shares of the transportation company's stock after purchasing an additional 48,085 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of United Parcel Service worth $113,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. OFI Invest Asset Management purchased a new position in shares of United Parcel Service in the third quarter worth about $25,000. Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service in the fourth quarter worth about $26,000. Life Planning Partners Inc purchased a new position in United Parcel Service during the 4th quarter valued at about $28,000. Northwest Financial Advisors bought a new position in United Parcel Service during the 4th quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC purchased a new stake in United Parcel Service in the 4th quarter worth approximately $31,000. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UPS shares. Bank of America boosted their target price on United Parcel Service from $157.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th. Redburn Atlantic upgraded shares of United Parcel Service from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a report on Wednesday, April 3rd. Argus lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, January 31st. Barclays decreased their price target on shares of United Parcel Service from $150.00 to $145.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on United Parcel Service from $183.00 to $179.00 and set a "buy" rating on the stock in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and a consensus price target of $165.23.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $2.66 during midday trading on Tuesday, reaching $147.94. 3,581,557 shares of the company's stock traded hands, compared to its average volume of 4,126,710. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The company has a market cap of $126.57 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.69 and a beta of 1.05. The stock has a 50 day moving average of $149.34 and a 200 day moving average of $150.61.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion for the quarter, compared to analysts' expectations of $21.84 billion. During the same quarter in the prior year, the business earned $2.20 EPS. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Friday, May 10th. United Parcel Service's dividend payout ratio (DPR) is presently 94.49%.

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.