Daiwa Securities Group Inc. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,596 shares of the transportation company’s stock after acquiring an additional 2,129 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United Parcel Service were worth $3,786,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of UPS. Boltwood Capital Management increased its stake in United Parcel Service by 3.2% during the second quarter. Boltwood Capital Management now owns 10,532 shares of the transportation company’s stock worth $1,088,000 after acquiring an additional 325 shares during the last quarter. Private Trust Co. NA increased its stake in United Parcel Service by 19.0% during the second quarter. Private Trust Co. NA now owns 6,262 shares of the transportation company’s stock worth $646,000 after acquiring an additional 1,001 shares during the last quarter. Montecito Bank & Trust acquired a new stake in United Parcel Service during the second quarter worth $222,000. DNB Asset Management AS increased its stake in United Parcel Service by 7.3% during the second quarter. DNB Asset Management AS now owns 112,540 shares of the transportation company’s stock worth $11,622,000 after acquiring an additional 7,686 shares during the last quarter. Finally, WINTON GROUP Ltd increased its stake in United Parcel Service by 105.0% during the second quarter. WINTON GROUP Ltd now owns 4,151 shares of the transportation company’s stock worth $429,000 after acquiring an additional 2,126 shares during the last quarter. 55.30% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the company. Raymond James raised their target price on United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Wells Fargo & Co assumed coverage on United Parcel Service in a research note on Monday, October 28th. They set an “outperform” rating and a $138.00 target price for the company. GMP Securities raised United Parcel Service to a “reduce” rating in a research note on Monday, October 28th. Credit Suisse Group cut their target price on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $121.99.
In related news, COO James J. Barber sold 1,500 shares of United Parcel Service stock in a transaction on Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.
Shares of NYSE UPS opened at $124.30 on Friday. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.31. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 4.27. The stock has a fifty day simple moving average of $117.75 and a 200-day simple moving average of $110.24. The stock has a market capitalization of $104.24 billion, a PE ratio of 17.17, a PEG ratio of 1.84 and a beta of 1.22.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.01. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The business had revenue of $18.32 billion during the quarter, compared to analysts’ expectations of $18.35 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be issued a $0.96 dividend. The ex-dividend date is Friday, November 15th. This represents a $3.84 dividend on an annualized basis and a yield of 3.09%. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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