Mitsubishi UFJ Asset Management Co. Ltd. Has $143.79 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,161,548 shares of the transportation company's stock after purchasing an additional 99,617 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of United Parcel Service worth $143,788,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in United Parcel Service during the fourth quarter worth approximately $393,680,000. Two Sigma Advisers LP boosted its stake in shares of United Parcel Service by 833.4% in the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company's stock valued at $282,783,000 after purchasing an additional 1,851,900 shares during the period. Van ECK Associates Corp grew its stake in shares of United Parcel Service by 77.7% during the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock valued at $397,329,000 after acquiring an additional 1,378,136 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares during the last quarter. Finally, Amundi increased its stake in shares of United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock worth $1,272,600,000 after buying an additional 1,277,328 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Susquehanna lowered their price target on United Parcel Service from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Stifel Nicolaus reduced their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a "hold" rating and a $119.00 target price for the company. Finally, Loop Capital dropped their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $136.26.

United Parcel Service Price Performance

Shares of UPS stock traded up $0.34 during mid-day trading on Monday, reaching $110.00. The company's stock had a trading volume of 6,534,610 shares, compared to its average volume of 4,669,043. 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 firm's 50-day moving average is $118.12 and its two-hundred day moving average is $126.27. United Parcel Service, Inc. has a 1-year low of $108.30 and a 1-year high of $154.29. The company has a market cap of $93.96 billion, a P/E ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business earned $2.47 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. 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 yield of 5.96%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio is currently 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.