Mirae Asset Global Investments Co. Ltd. Buys 75,945 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mirae Asset Global Investments Co. Ltd. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 17.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 502,635 shares of the transportation company’s stock after acquiring an additional 75,945 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.06% of United Parcel Service worth $67,484,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of UPS. Blackston Financial Advisory Group LLC grew its position in United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 69 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of United Parcel Service by 2.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock valued at $519,000 after buying an additional 73 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of United Parcel Service by 0.9% during the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after acquiring an additional 73 shares in the last quarter. MV Capital Management Inc. raised its holdings in United Parcel Service by 8.6% in the 1st quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock worth $144,000 after acquiring an additional 77 shares during the last quarter. Finally, Gleason Group Inc. lifted its position in United Parcel Service by 1.2% in the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after acquiring an additional 77 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UPS has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company raised their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, TD Cowen started coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.43.

United Parcel Service Stock Down 0.7 %

Shares of UPS opened at $137.43 on Friday. The business’s 50 day moving average is $130.89 and its 200 day moving average is $136.08. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a market capitalization of $117.72 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.11. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.74%. United Parcel Service’s dividend payout ratio is currently 106.36%.

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.