Sompo Asset Management Co. Ltd. Purchases 830 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sompo Asset Management Co. Ltd. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,633 shares of the transportation company’s stock after purchasing an additional 830 shares during the period. United Parcel Service comprises approximately 0.9% of Sompo Asset Management Co. Ltd.’s holdings, making the stock its 28th biggest position. Sompo Asset Management Co. Ltd.’s holdings in United Parcel Service were worth $5,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pineridge Advisors LLC bought a new position in United Parcel Service in the 4th quarter worth $31,000. Security National Bank purchased a new stake in United Parcel Service in the fourth quarter worth about $31,000. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service in the second quarter worth about $28,000. Stephens Consulting LLC raised its stake in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after buying an additional 200 shares during the period. Finally, Riverview Trust Co bought a new position in shares of United Parcel Service during the 2nd quarter valued at approximately $32,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on UPS. Bank of America decreased their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. TD Cowen began coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. UBS Group dropped their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus decreased their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, BMO Capital Markets lowered their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $128.63 on Friday. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a market capitalization of $110.18 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The stock’s fifty day moving average is $130.18 and its two-hundred day moving average is $139.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the previous year, the company posted $2.54 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.