Swedbank AB Grows Holdings in United Parcel Service, Inc. (NYSE:UPS)

Swedbank AB boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,088 shares of the transportation company’s stock after acquiring an additional 17,579 shares during the period. Swedbank AB’s holdings in United Parcel Service were worth $37,589,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quarry LP increased its stake in United Parcel Service by 453.6% during the 2nd quarter. Quarry LP now owns 537 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 440 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of United Parcel Service during the second quarter valued at approximately $20,309,000. Newbridge Financial Services Group Inc. increased its position in shares of United Parcel Service by 67.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 745 shares of the transportation company’s stock valued at $102,000 after acquiring an additional 300 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in United Parcel Service by 47,670.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,000 shares of the transportation company’s stock worth $61,582,000 after acquiring an additional 449,058 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. lifted its position in United Parcel Service by 3.8% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 10,000 shares of the transportation company’s stock valued at $1,363,000 after acquiring an additional 365 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UPS shares. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a report on Wednesday, January 8th. Barclays restated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Thursday, January 16th. Finally, Oppenheimer boosted their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $151.24.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction 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 trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Trading Down 14.1 %

UPS stock opened at $114.94 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $109.62 and a 1-year high of $158.95. The business has a 50 day simple moving average of $129.05 and a two-hundred day simple moving average of $130.72. The company has a market capitalization of $98.09 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.86 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same quarter in the previous year, the business earned $2.47 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.67%. United Parcel Service’s dividend payout ratio is currently 98.49%.

United Parcel Service 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.