Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 54.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,050 shares of the transportation company’s stock after buying an additional 1,420 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in United Parcel Service were worth $418,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in United Parcel Service by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,094,438 shares of the transportation company’s stock worth $204,264,000 after buying an additional 58,079 shares during the period. Geode Capital Management LLC lifted its holdings in United Parcel Service by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 8,008,476 shares of the transportation company’s stock worth $779,687,000 after buying an additional 585,738 shares during the period. Hollencrest Capital Management lifted its holdings in United Parcel Service by 25.3% during the 1st quarter. Hollencrest Capital Management now owns 361,144 shares of the transportation company’s stock worth $40,354,000 after buying an additional 73,031 shares during the period. Ridgewood Investments LLC lifted its holdings in United Parcel Service by 3.4% during the 1st quarter. Ridgewood Investments LLC now owns 4,261 shares of the transportation company’s stock worth $476,000 after buying an additional 140 shares during the period. Finally, WP Advisors LLC acquired a new position in United Parcel Service during the 1st quarter worth about $58,000. Institutional investors own 55.50% of the company’s stock.
UPS has been the topic of several recent research reports. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a report on Friday, July 26th. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 target price on the stock in a report on Thursday, May 23rd. Stifel Nicolaus downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 target price on the stock. in a report on Monday, July 29th. Argus reaffirmed a “buy” rating on shares of United Parcel Service in a report on Tuesday, April 30th. Finally, Raymond James lifted their target price on United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and an average target price of $118.82.
Shares of NYSE:UPS traded up $2.36 during midday trading on Friday, reaching $115.30. The company’s stock had a trading volume of 2,689,900 shares, compared to its average volume of 4,368,659. The firm has a market capitalization of $97.93 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.74 and a beta of 1.23. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50 day moving average price of $109.96 and a two-hundred day moving average price of $107.13. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.09.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.03. The company had revenue of $18.05 billion for the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Friday, August 16th. United Parcel Service’s dividend payout ratio is 53.04%.
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.
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