Mirae Asset Global Investments Co. Ltd. Increases Position in United Parcel Service, Inc. (NYSE:UPS)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 21.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 612,094 shares of the transportation company’s stock after acquiring an additional 109,459 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in United Parcel Service were worth $77,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew its holdings in shares of United Parcel Service by 39.7% in the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock worth $14,793,000 after acquiring an additional 30,815 shares during the period. Czech National Bank grew its holdings in United Parcel Service by 7.4% in the third quarter. Czech National Bank now owns 149,220 shares of the transportation company’s stock valued at $20,345,000 after purchasing an additional 10,227 shares during the last quarter. GAMMA Investing LLC increased its position in shares of United Parcel Service by 5.3% in the third quarter. GAMMA Investing LLC now owns 5,680 shares of the transportation company’s stock valued at $774,000 after buying an additional 286 shares in the last quarter. Greenfield Savings Bank raised its stake in shares of United Parcel Service by 51.0% during the 3rd quarter. Greenfield Savings Bank now owns 3,445 shares of the transportation company’s stock worth $470,000 after buying an additional 1,164 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of United Parcel Service by 4.2% in the 3rd quarter. Versant Capital Management Inc now owns 3,494 shares of the transportation company’s stock worth $476,000 after buying an additional 142 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UPS. Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. UBS Group cut their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Loop Capital cut their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday. Finally, StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.73.

United Parcel Service Stock Performance

United Parcel Service stock opened at $111.75 on Wednesday. The company has a market cap of $95.37 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock’s 50-day moving average is $127.78 and its 200-day moving average is $129.93.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the company posted $2.47 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 8.61 earnings per share for the current year.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

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.