United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,364 shares of the transportation company’s stock after acquiring an additional 5,788 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United Parcel Service were worth $11,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. Pineridge Advisors LLC bought a new position in United Parcel Service during the fourth quarter valued at about $31,000. Security National Bank acquired a new stake in United Parcel Service in the 4th quarter valued at about $31,000. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service in the 2nd quarter worth approximately $28,000. Stephens Consulting LLC lifted its stake in United Parcel Service by 869.6% during the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in United Parcel Service during the second quarter worth approximately $32,000. Institutional investors own 60.26% of the company’s stock.

Insider Activity

In related news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on UPS shares. Susquehanna dropped their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Barclays decreased their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Bank of America decreased their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company reduced their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.20.

United Parcel Service Stock Up 0.7 %

UPS opened at $129.83 on Wednesday. The company has a market capitalization of $111.21 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The business has a 50-day moving average of $131.34 and a 200-day moving average of $140.29.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.54 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

United Parcel Service Profile

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.