Mizuho Markets Cayman LP Buys Shares of 19,308 United Parcel Service, Inc. $UPS

Mizuho Markets Cayman LP bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, HoldingsChannel reports. The fund bought 19,308 shares of the transportation company’s stock, valued at approximately $1,613,000.

Other institutional investors have also made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd raised its stake in shares of United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 131 shares during the period. Salzhauer Michael purchased a new position in shares of United Parcel Service during the 3rd quarter worth approximately $31,000. Physician Wealth Advisors Inc. boosted its position in shares of United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after purchasing an additional 163 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at approximately $34,000. Finally, Avion Wealth increased its holdings in United Parcel Service by 284.1% in the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 321 shares during 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 commented on UPS shares. Susquehanna raised their price target on United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Stephens boosted their price objective on United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 6th. Jefferies Financial Group raised their target price on United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $113.67.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.4%

UPS opened at $97.79 on Wednesday. The business has a fifty day moving average price of $109.81 and a 200 day moving average price of $98.17. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The stock has a market capitalization of $83.03 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.53 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The company had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s payout ratio is 100.00%.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.