Nomura Asset Management Co. Ltd. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,605 shares of the transportation company’s stock after buying an additional 17,707 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in United Parcel Service were worth $21,077,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Legal & General Group Plc grew its holdings in United Parcel Service by 0.9% during the first quarter. Legal & General Group Plc now owns 4,403,258 shares of the transportation company’s stock worth $411,842,000 after buying an additional 38,161 shares in the last quarter. APG Asset Management N.V. grew its holdings in United Parcel Service by 237.9% during the first quarter. APG Asset Management N.V. now owns 290,762 shares of the transportation company’s stock worth $28,935,000 after buying an additional 204,724 shares in the last quarter. SRB Corp grew its holdings in United Parcel Service by 18.7% during the first quarter. SRB Corp now owns 5,031 shares of the transportation company’s stock worth $470,000 after buying an additional 794 shares in the last quarter. Rodgers Brothers Inc. bought a new stake in United Parcel Service during the first quarter worth $857,000. Finally, MML Investors Services LLC grew its holdings in United Parcel Service by 16.4% during the first quarter. MML Investors Services LLC now owns 79,720 shares of the transportation company’s stock worth $7,447,000 after buying an additional 11,257 shares in the last quarter. Institutional investors and hedge funds own 54.83% of the company’s stock.
Shares of United Parcel Service stock traded down $5.27 on Thursday, reaching $101.36. The company’s stock had a trading volume of 3,033,323 shares, compared to its average volume of 4,988,266. The company has a market capitalization of $89.12 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 2.60 and a beta of 0.83. The firm’s fifty day simple moving average is $97.66 and its two-hundred day simple moving average is $104.80. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $125.31. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 8.06.
United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.15 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.08). United Parcel Service had a return on equity of 152.81% and a net margin of 5.73%. The business had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $17.17 billion. During the same period in the previous year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts predict that United Parcel Service, Inc. will post 5.58 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th were given a dividend of $1.01 per share. The ex-dividend date was Friday, May 22nd. This represents a $4.04 annualized dividend and a yield of 3.99%. United Parcel Service’s dividend payout ratio (DPR) is presently 53.65%.
Several brokerages recently issued reports on UPS. Stifel Nicolaus decreased their price target on United Parcel Service from $104.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Standpoint Research raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Cowen cut their price objective on United Parcel Service from $119.00 to $101.00 and set a “market perform” rating on the stock in a research report on Thursday, April 2nd. Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research report on Monday, March 2nd. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $117.00 price target on shares of United Parcel Service in a research report on Tuesday, April 28th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $111.00.
In other United Parcel Service news, CEO Carol B. Tome acquired 10,100 shares of the stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $99.33 per share, for a total transaction of $1,003,233.00. Following the completion of the transaction, the chief executive officer now directly owns 13,036 shares of the company’s stock, valued at $1,294,865.88. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by insiders.
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.
Featured Article: Net Asset Value
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.