Resona Asset Management Co. Ltd. Takes Position in United Parcel Service, Inc. (NYSE:UPS)

Resona Asset Management Co. Ltd. purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 218,766 shares of the transportation company’s stock, valued at approximately $27,587,000.

Other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service during the fourth quarter valued at about $26,000. IFS Advisors LLC increased its holdings in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service in the fourth quarter worth about $30,000. Finally, Whipplewood Advisors LLC purchased a new position in United Parcel Service in the fourth quarter valued at about $34,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 2.5 %

UPS opened at $97.62 on Friday. 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’s fifty day simple moving average is $115.82 and its 200 day simple moving average is $125.60. United Parcel Service, Inc. has a 52 week low of $96.57 and a 52 week high of $153.42. The stock has a market cap of $83.39 billion, a PE ratio of 14.44, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 quarter in the previous year, the business posted $2.47 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.72%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Analysts Set New Price Targets

A number of research firms recently commented on UPS. Truist Financial started coverage on shares of United Parcel Service in a report on Thursday, March 13th. They issued a “buy” rating and a $140.00 price target on the stock. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Raymond James dropped their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Friday, January 31st. Finally, Bank of America reduced their target price on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.18.

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.