Nomura Asset Management Co. Ltd. Has $56.61 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Nomura Asset Management Co. Ltd. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 448,905 shares of the transportation company's stock after acquiring an additional 5,452 shares during the period. Nomura Asset Management Co. Ltd. owned 0.05% of United Parcel Service worth $56,607,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service during the 4th quarter worth about $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $26,000. True Wealth Design LLC increased its stake in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after acquiring an additional 171 shares during the period. IFS Advisors LLC raised its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after acquiring an additional 151 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on UPS shares. UBS Group cut their target price on United Parcel Service from $170.00 to $141.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Baird R W cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. The Goldman Sachs Group decreased their price objective on United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. cut their target price on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Robert W. Baird lowered shares of United Parcel Service from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $135.83.

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United Parcel Service Price Performance

Shares of UPS stock traded down $1.15 during trading on Tuesday, hitting $108.84. The company had a trading volume of 1,997,107 shares, compared to its average volume of 4,659,906. The firm has a market capitalization of $92.97 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a one year low of $108.30 and a one year high of $154.29. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock's 50-day moving average price is $118.12 and its 200 day moving average price is $126.27.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the firm posted $2.47 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 6.03%. United Parcel Service's payout ratio is 97.04%.

United Parcel Service Company 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.