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

Mizuho Markets Americas LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1,074.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,249 shares of the transportation company's stock after acquiring an additional 28,589 shares during the period. Mizuho Markets Americas LLC's holdings in United Parcel Service were worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in UPS. International Assets Investment Management LLC raised its position in shares of United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock valued at $1,994,853,000 after buying an additional 14,539,321 shares during the last quarter. Clearbridge Investments LLC raised its holdings in United Parcel Service by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company's stock valued at $991,556,000 after acquiring an additional 406,248 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in United Parcel Service by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company's stock worth $888,254,000 after purchasing an additional 20,426 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of United Parcel Service by 10.5% during the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company's stock worth $567,157,000 after purchasing an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of United Parcel Service by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company's stock valued at $611,445,000 after purchasing an additional 101,349 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 1.1 %

United Parcel Service stock traded up $1.43 during mid-day trading on Friday, hitting $134.07. The company had a trading volume of 3,337,614 shares, compared to its average volume of 3,986,738. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The business has a fifty day moving average of $132.50 and a 200 day moving average of $134.67. The stock has a market cap of $114.84 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.20 and a beta of 0.99.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $22.10 billion. During the same quarter in the previous year, the business earned $1.57 earnings per share. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service's dividend payout ratio (DPR) is currently 98.49%.

Analysts Set New Price Targets

A number of brokerages have issued reports on UPS. Argus raised United Parcel Service from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Susquehanna increased their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Stephens reduced their price target on shares of United Parcel Service from $168.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 24th. Bank of America lifted their target price on United Parcel Service from $132.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group lowered their price target on United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $151.52.

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.