2,245 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by US Asset Management LLC

US Asset Management LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,245 shares of the transportation company’s stock, valued at approximately $353,000.

Other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of United Parcel Service by 9.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 228,724 shares of the transportation company’s stock valued at $35,651,000 after buying an additional 19,971 shares during the last quarter. Gratus Capital LLC raised its stake in shares of United Parcel Service by 2.3% in the third quarter. Gratus Capital LLC now owns 8,627 shares of the transportation company’s stock valued at $1,345,000 after purchasing an additional 190 shares in the last quarter. TIAA Trust National Association bought a new position in United Parcel Service in the third quarter worth $2,669,000. Brady Family Wealth LLC increased its holdings in United Parcel Service by 1.5% in the 3rd quarter. Brady Family Wealth LLC now owns 24,208 shares of the transportation company’s stock valued at $3,773,000 after buying an additional 366 shares during the period. Finally, ING Groep NV raised its stake in shares of United Parcel Service by 289.9% in the 3rd quarter. ING Groep NV now owns 60,201 shares of the transportation company’s stock valued at $9,384,000 after buying an additional 44,760 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.2 %

Shares of United Parcel Service stock traded up $0.30 during trading hours on Thursday, hitting $148.07. The company’s stock had a trading volume of 2,509,562 shares, compared to its average volume of 4,149,974. The company has a market capitalization of $126.25 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The stock has a 50 day moving average of $149.35 and a 200 day moving average of $150.51.

United Parcel Service (NYSE:UPS) last released its quarterly 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. The firm had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. Analysts predict that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s payout ratio is 94.49%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on UPS shares. Bank of America upped their price objective 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. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their target price for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. Argus cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. TD Cowen reduced their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Finally, Oppenheimer upped their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average target price of $165.23.

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.