Nomura Asset Management Co. Ltd. Acquires 11,394 Shares of United Parcel Service, Inc. (NYSE:UPS)

Nomura Asset Management Co. Ltd. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 397,216 shares of the transportation company's stock after acquiring an additional 11,394 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in United Parcel Service were worth $62,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service during the 4th quarter worth $26,000. Life Planning Partners Inc acquired a new stake in shares of United Parcel Service during the 4th quarter worth $28,000. Northwest Financial Advisors acquired a new stake in shares of United Parcel Service during the 4th quarter worth $28,000. Bourgeon Capital Management LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth $31,000. Finally, VisionPoint Advisory Group LLC grew its holdings in shares of United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company's stock worth $37,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $0.44 during trading on Friday, hitting $138.66. 2,995,428 shares of the stock traded hands, compared to its average volume of 2,760,187. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The stock has a market cap of $118.63 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.76 and a beta of 1.05. The firm's fifty day moving average is $147.85 and its 200-day moving average is $150.85. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same period in the prior year, the company earned $2.20 EPS. The company's revenue was down 5.3% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.70%. United Parcel Service's payout ratio is 94.49%.

Analyst Upgrades and Downgrades

UPS has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $154.00 to $150.00 and set a "neutral" rating on the stock in a report on Tuesday, April 9th. UBS Group raised United Parcel Service from a "neutral" rating to a "buy" rating and raised their price objective for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. Robert W. Baird raised United Parcel Service from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Oppenheimer increased their target price on United Parcel Service from $153.00 to $157.00 and gave the company an "outperform" rating in a research report on Wednesday, April 24th. Finally, Barclays dropped their target price on United Parcel Service from $150.00 to $145.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $165.23.

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.