United Parcel Service, Inc. (NYSE:UPS) Holdings Lifted by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1,074.8% in the third quarter, HoldingsChannel reports. The fund owned 31,249 shares of the transportation company’s stock after buying an additional 28,589 shares during the quarter. Mizuho Markets Americas LLC’s holdings in United Parcel Service were worth $4,260,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. TruNorth Capital Management LLC purchased a new position in United Parcel Service during the second quarter valued at approximately $28,000. Riverview Trust Co acquired a new position in shares of United Parcel Service in the second quarter worth $32,000. Centerpoint Advisors LLC raised its holdings in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares in the last quarter. Tortoise Investment Management LLC grew its stake in United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares in the last quarter. Finally, PSI Advisors LLC increased its position in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UPS shares. Stifel Nicolaus increased their price objective on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Citigroup decreased their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Stephens decreased their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.52.

United Parcel Service Trading Up 1.1 %

Shares of UPS opened at $134.07 on Friday. The stock’s 50-day moving average price is $132.50 and its 200 day moving average price is $134.67. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $114.84 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.20 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.57 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

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.