United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 21.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 612,094 shares of the transportation company’s stock after purchasing an additional 109,459 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of United Parcel Service worth $77,172,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFS Advisors LLC raised its holdings in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the period. True Wealth Design LLC grew its position in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. PSI Advisors LLC increased its stake in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the period. Princeton Global Asset Management LLC lifted its position in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.4 %

Shares of United Parcel Service stock opened at $111.75 on Wednesday. The company’s fifty day moving average is $127.78 and its two-hundred day moving average is $129.93. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. 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 company has a market capitalization of $95.37 billion, a P/E ratio of 16.53, a PEG ratio of 1.63 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm posted $2.47 EPS. Analysts forecast that United Parcel Service, Inc. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on UPS. Loop Capital reduced their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Oppenheimer lifted their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus reduced their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned 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 presently has an average rating of “Moderate Buy” and a consensus price target of $140.73.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

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.