Nomura Asset Management Co. Ltd. Has $43.16 Million Stock Position in United Parcel Service, Inc. $UPS

Nomura Asset Management Co. Ltd. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 435,126 shares of the transportation company’s stock after purchasing an additional 16,764 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in United Parcel Service were worth $43,160,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Westbourne Investments Inc. boosted its position in United Parcel Service by 1.2% during the fourth quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock valued at $781,000 after purchasing an additional 91 shares during the last quarter. Webster Bank N. A. boosted its position in United Parcel Service by 16.7% during the fourth quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 100 shares during the last quarter. Peoples Financial Services CORP. boosted its position in United Parcel Service by 2.5% during the fourth quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 100 shares during the last quarter. Argyle Capital Management LLC boosted its position in United Parcel Service by 0.4% during the fourth quarter. Argyle Capital Management LLC now owns 27,505 shares of the transportation company’s stock valued at $2,728,000 after purchasing an additional 100 shares during the last quarter. Finally, Spurstone Advisory Services LLC boosted its position in United Parcel Service by 2.7% during the fourth quarter. Spurstone Advisory Services LLC now owns 3,742 shares of the transportation company’s stock valued at $371,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $106.85 on Monday. The stock has a market cap of $90.82 billion, a P/E ratio of 17.29, a PEG ratio of 1.70 and a beta of 1.05. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The company has a fifty day moving average price of $101.02 and a 200 day moving average price of $103.15. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.1%. The ex-dividend date is Monday, May 18th. United Parcel Service’s payout ratio is currently 106.15%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Evercore reduced their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Citigroup raised their target price on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. UBS Group cut their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Susquehanna increased their price objective on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $111.50.

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.