Tokio Marine Asset Management Co. Ltd. Purchases 1,650 Shares of United Parcel Service, Inc. (NYSE:UPS)

Tokio Marine Asset Management Co. Ltd. grew its position in United Parcel Service, Inc. (NYSE:UPS) by 9.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,209 shares of the transportation company’s stock after purchasing an additional 1,650 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in United Parcel Service were worth $2,619,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of UPS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of United Parcel Service by 6.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,286 shares of the transportation company’s stock valued at $12,676,000 after acquiring an additional 5,373 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in United Parcel Service by 880.2% during the 1st quarter. Tocqueville Asset Management L.P. now owns 22,232 shares of the transportation company’s stock valued at $3,304,000 after purchasing an additional 19,964 shares in the last quarter. M&G Plc bought a new stake in United Parcel Service during the 1st quarter valued at $9,766,000. Mizuho Markets Americas LLC acquired a new position in United Parcel Service during the first quarter worth $395,000. Finally, Pinkerton Retirement Specialists LLC lifted its stake in shares of United Parcel Service by 62.5% in the first quarter. Pinkerton Retirement Specialists LLC now owns 24,823 shares of the transportation company’s stock valued at $3,689,000 after buying an additional 9,545 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.8 %

Shares of NYSE:UPS opened at $132.64 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The firm has a market capitalization of $113.62 billion, a P/E ratio of 20.04, a P/E/G ratio of 2.19 and a beta of 0.99. The stock has a 50 day moving average price of $132.27 and a 200-day moving average price of $134.88.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of analyst reports. TD Cowen initiated coverage on United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Stifel Nicolaus upped their price target on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Citigroup cut their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, UBS Group upped their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.52.

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.