Mitsubishi UFJ Trust & Banking Corp Purchases 60,102 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 423,026 shares of the transportation company's stock after buying an additional 60,102 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in United Parcel Service were worth $53,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Pacific Sage Partners LLC increased its position in United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock valued at $212,000 after purchasing an additional 77 shares during the period. Quent Capital LLC increased its position in shares of United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after buying an additional 80 shares during the period. Gleason Group Inc. raised its stake in United Parcel Service by 1.3% during the fourth quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company's stock worth $840,000 after buying an additional 84 shares during the last quarter. Dunhill Financial LLC lifted its holdings in United Parcel Service by 4.9% in the third quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company's stock valued at $250,000 after buying an additional 86 shares during the period. Finally, Weaver Consulting Group grew its holdings in United Parcel Service by 3.0% during the 3rd quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company's stock worth $416,000 after acquiring an additional 89 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BMO Capital Markets upgraded United Parcel Service from a "market perform" rating to an "outperform" rating and cut their price target for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price target for the company. UBS Group dropped their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $128.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus decreased their target price on United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $137.57.

United Parcel Service Stock Performance

United Parcel Service stock traded down $1.36 during trading on Friday, hitting $109.66. The stock had a trading volume of 3,282,367 shares, compared to its average volume of 4,661,575. The stock's 50 day moving average is $118.52 and its two-hundred day moving average is $126.42. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $154.29. The stock has a market cap of $93.66 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 posted $2.47 earnings per share. As a group, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.98%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service's payout ratio is currently 97.04%.

About United Parcel Service

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.