MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 10,074 Shares of United Parcel Service, Inc. (NYSE:UPS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,976 shares of the transportation company’s stock after purchasing an additional 10,074 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in United Parcel Service were worth $13,736,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in UPS. Vanguard Group Inc. lifted its stake in shares of United Parcel Service by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock valued at $8,213,699,000 after acquiring an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC increased its holdings in United Parcel Service by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock worth $1,979,695,000 after purchasing an additional 414,710 shares in the last quarter. Franklin Resources Inc. raised its position in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock valued at $1,373,964,000 after purchasing an additional 268,278 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Truist Financial lowered their price objective on United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. UBS Group decreased their price target on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Galvan Research dropped their price target on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Citigroup cut their price target on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Bank of America decreased their price objective on United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $120.87.

United Parcel Service Stock Performance

Shares of UPS opened at $100.26 on Friday. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $150.03. The company has a market cap of $85.64 billion, a PE ratio of 14.83, a P/E/G ratio of 1.55 and a beta of 1.23. The stock has a 50-day moving average of $102.66 and a 200-day moving average of $117.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.54%. United Parcel Service’s dividend payout ratio (DPR) is presently 95.63%.

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.