Daiwa Securities Group Inc. Has $12.40 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Daiwa Securities Group Inc. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,355 shares of the transportation company’s stock after acquiring an additional 7,093 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United Parcel Service were worth $12,403,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UPS. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in United Parcel Service by 4.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 296,880 shares of the transportation company’s stock valued at $37,437,000 after buying an additional 11,614 shares during the period. Sound View Wealth Advisors Group LLC lifted its stake in United Parcel Service by 39.8% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 4,735 shares of the transportation company’s stock valued at $597,000 after buying an additional 1,349 shares during the period. Ceera Investments LLC lifted its stake in United Parcel Service by 61.0% in the fourth quarter. Ceera Investments LLC now owns 11,298 shares of the transportation company’s stock valued at $1,425,000 after buying an additional 4,282 shares during the period. Sowell Financial Services LLC lifted its stake in United Parcel Service by 0.3% in the fourth quarter. Sowell Financial Services LLC now owns 66,629 shares of the transportation company’s stock valued at $8,402,000 after buying an additional 216 shares during the period. Finally, Roberts Glore & Co. Inc. IL lifted its stake in United Parcel Service by 6.2% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 6,463 shares of the transportation company’s stock valued at $815,000 after buying an additional 375 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of several analyst reports. Citigroup cut their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus lowered their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Raymond James lowered their price target on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a report on Friday, January 31st. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Finally, Loop Capital lowered their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

United Parcel Service Stock Down 0.8 %

UPS stock opened at $120.67 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average price of $121.64 and a two-hundred day moving average price of $127.72. The company has a market cap of $103.07 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) 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 period in the previous year, the business earned $2.47 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.44%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 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.