Handelsbanken Fonder AB Acquires 755 Shares of United Parcel Service, Inc. (NYSE:UPS)

Handelsbanken Fonder AB increased its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 261,220 shares of the transportation company’s stock after buying an additional 755 shares during the quarter. Handelsbanken Fonder AB’s holdings in United Parcel Service were worth $41,072,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after acquiring an additional 14,410,073 shares in the last quarter. Norges Bank bought a new stake in shares of United Parcel Service during the 4th quarter valued at $1,255,623,000. Moneta Group Investment Advisors LLC raised its position in shares of United Parcel Service by 105,818.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock valued at $732,833,000 after acquiring an additional 4,211,580 shares during the last quarter. Wellington Management Group LLP increased its position in shares of United Parcel Service by 31.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after buying an additional 2,331,875 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of United Parcel Service by 33.7% in the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock valued at $1,343,799,000 after buying an additional 1,949,775 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $142.77 on Monday. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80. The firm has a fifty day simple moving average of $149.48 and a 200 day simple moving average of $151.16. The company has a market capitalization of $121.73 billion, a PE ratio of 18.33, a P/E/G ratio of 1.66 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09.

United Parcel Service (NYSE:UPSGet Free Report) last announced its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. During the same quarter last year, the firm earned $3.62 earnings per share. United Parcel Service’s quarterly revenue was down 7.8% on a year-over-year basis. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Daiwa Capital Markets cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target on the stock. in a report on Tuesday, December 26th. Raymond James lowered their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. Finally, Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $165.00 to $170.00 in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $165.61.

Check Out Our Latest Stock Analysis on United Parcel Service

Insider Activity

In other news, Director Eva C. Boratto purchased 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

About United Parcel Service

(Free Report)

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.

See Also

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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