Daiwa Securities Group Inc. Raises Holdings in United Parcel Service, Inc. (NYSE:UPS)

Daiwa Securities Group Inc. increased its position in United Parcel Service, Inc. (NYSE:UPSFree Report) by 17.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,986 shares of the transportation company’s stock after buying an additional 10,729 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United Parcel Service were worth $11,274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new position in United Parcel Service in the second quarter valued at about $25,000. IMA Wealth Inc. raised its position in United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Pacific Center for Financial Services purchased a new position in United Parcel Service in the first quarter valued at about $25,000. Worth Asset Management LLC purchased a new position in United Parcel Service in the first quarter valued at about $27,000. Finally, Carolina Wealth Advisors LLC raised its position in United Parcel Service by 216.0% in the second quarter. Carolina Wealth Advisors LLC now owns 158 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 108 shares during the period. 58.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on UPS shares. Barclays cut their price objective on United Parcel Service from $180.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 28th. Bank of America lowered their target price on United Parcel Service from $177.00 to $167.00 in a research note on Friday, September 29th. Stifel Nicolaus raised their target price on United Parcel Service from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Raymond James raised their target price on United Parcel Service from $170.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Finally, HSBC assumed coverage on United Parcel Service in a research note on Friday, September 29th. They set a “hold” rating and a $170.00 target price for the company. Seventeen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $185.26.

View Our Latest Stock Analysis on UPS

United Parcel Service Stock Performance

UPS opened at $154.55 on Thursday. The business’s 50 day moving average is $154.48 and its 200-day moving average is $161.65. The stock has a market cap of $131.67 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.98. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80.

United Parcel Service (NYSE:UPSGet Free Report) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. The company had revenue of $21.06 billion for the quarter, compared to analysts’ expectations of $21.40 billion. United Parcel Service had a return on equity of 43.46% and a net margin of 9.19%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.99 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post 8.77 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 13th were issued a dividend of $1.62 per share. The ex-dividend date was Friday, November 10th. This represents a $6.48 annualized dividend and a yield of 4.19%. United Parcel Service’s payout ratio is 65.59%.

United Parcel Service Profile

(Free Report)

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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