Mitsubishi UFJ Trust & Banking Corp Sells 33,928 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mitsubishi UFJ Trust & Banking Corp cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 468,015 shares of the transportation company’s stock after selling 33,928 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in United Parcel Service were worth $69,549,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Financial Corp IN grew its position in United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 65 shares during the last quarter. Gleason Group Inc. boosted its stake in shares of United Parcel Service by 1.1% in the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares in the last quarter. Cullen Investment Group LTD. raised its position in United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after purchasing an additional 68 shares during the period. SeaCrest Wealth Management LLC raised its position in United Parcel Service by 1.0% in the 4th quarter. SeaCrest Wealth Management LLC now owns 7,193 shares of the transportation company’s stock worth $1,142,000 after purchasing an additional 69 shares during the period. Finally, Bangor Savings Bank raised its position in United Parcel Service by 1.3% in the 4th quarter. Bangor Savings Bank now owns 5,319 shares of the transportation company’s stock worth $836,000 after purchasing an additional 70 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 0.3 %

Shares of United Parcel Service stock traded up $0.42 during trading on Friday, hitting $145.18. The company’s stock had a trading volume of 3,073,801 shares, compared to its average volume of 3,811,202. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The company has a market capitalization of $124.21 billion, a PE ratio of 21.04, a P/E/G ratio of 1.86 and a beta of 0.98. The company has a fifty day simple moving average of $139.40 and a two-hundred day simple moving average of $146.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter last year, the firm earned $2.20 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post 8.15 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date was Friday, May 10th. United Parcel Service’s payout ratio is 94.49%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on UPS shares. TD Cowen decreased their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Wednesday, April 3rd. Evercore ISI lowered their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Bank of America increased their price target on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $164.55.

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.