Mizuho Markets Americas LLC Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Mizuho Markets Americas LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1,074.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,249 shares of the transportation company’s stock after purchasing an additional 28,589 shares during the quarter. Mizuho Markets Americas LLC’s holdings in United Parcel Service were worth $4,260,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in UPS. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the 2nd quarter valued at about $28,000. Riverview Trust Co acquired a new position in United Parcel Service during the second quarter worth approximately $32,000. Centerpoint Advisors LLC boosted its holdings in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Tortoise Investment Management LLC grew its stake in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares during the period. Finally, PSI Advisors LLC increased its holdings in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $134.07 on Friday. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The firm has a market cap of $114.84 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The company has a 50-day moving average of $132.50 and a 200-day moving average of $134.67. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

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

United Parcel Service Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several research analyst reports. TD Cowen assumed 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. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. UBS Group lifted their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the company 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. Finally, Bank of America increased their target price on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus 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.