Mirae Asset Global Investments Co. Ltd. Increases Stock Position in United Parcel Service, Inc. $UPS

Mirae Asset Global Investments Co. Ltd. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 783,656 shares of the transportation company’s stock after buying an additional 92,824 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in United Parcel Service were worth $79,102,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in United Parcel Service by 1.5% during the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock worth $7,274,323,000 after buying an additional 999,832 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after buying an additional 1,780,807 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after buying an additional 4,988,044 shares in the last quarter. Northern Trust Corp boosted its holdings in United Parcel Service by 0.3% during the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock worth $815,633,000 after buying an additional 23,918 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in United Parcel Service by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock worth $519,059,000 after buying an additional 171,303 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $85.65 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $72.60 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.55 and a beta of 1.10. The company’s fifty day moving average is $86.54 and its two-hundred day moving average is $95.70. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same period last year, the company earned $1.79 earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 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, September 4th. Stockholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 97.62%.

Insider Transactions at United Parcel Service

In related news, CEO Carol B. Tome acquired 11,682 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock worth $1,477,382 in the last three months. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on UPS shares. Susquehanna lowered their price target on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. Vertical Research restated a “hold” rating and set a $103.00 price objective on shares of United Parcel Service in a research report on Wednesday, July 30th. Galvan Research dropped their price target on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, June 30th. UBS Group dropped their price target on shares of United Parcel Service from $124.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Finally, Citigroup dropped their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $110.41.

United Parcel Service Company 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.