Sompo Asset Management Co. Ltd. Has $6 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sompo Asset Management Co. Ltd. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,559 shares of the transportation company's stock after purchasing an additional 7,246 shares during the period. United Parcel Service makes up about 1.0% of Sompo Asset Management Co. Ltd.'s investment portfolio, making the stock its 26th largest holding. Sompo Asset Management Co. Ltd.'s holdings in United Parcel Service were worth $5,997,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service during the fourth quarter valued at approximately $26,000. IFS Advisors LLC raised its position in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after acquiring an additional 151 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter worth $30,000. Finally, Transce3nd LLC purchased a new position in United Parcel Service during the fourth quarter valued at $33,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 1.1 %

UPS traded down $1.06 during trading on Friday, hitting $97.86. 4,573,715 shares of the company's stock were exchanged, compared to its average volume of 4,833,115. The stock has a 50 day moving average price of $108.93 and a 200 day moving average price of $121.79. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42. The firm has a market cap of $83.59 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last released 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 company earned $2.47 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date was Tuesday, February 18th. United Parcel Service's payout ratio is currently 97.04%.

Analyst Ratings Changes

UPS has been the topic of a number of analyst reports. Wolfe Research lowered their price objective on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. UBS Group decreased their price target on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley lowered their target price on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. StockNews.com upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Finally, Barclays dropped their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday, March 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has an average rating of "Moderate Buy" and an average target price of $128.30.

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.