Xact Kapitalforvaltning AB grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.7% during the 1st quarter, Holdings Channel reports. The firm owned 126,811 shares of the transportation company’s stock after acquiring an additional 3,371 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in United Parcel Service were worth $14,170,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of UPS. Oregon Public Employees Retirement Fund grew its position in shares of United Parcel Service by 9,644.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,364,978 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 7,289,396 shares during the last quarter. Norges Bank acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $491,939,000. Ronna Sue Cohen grew its position in shares of United Parcel Service by 10,745.2% in the first quarter. Ronna Sue Cohen now owns 2,945,780 shares of the transportation company’s stock valued at $2,946,000 after purchasing an additional 2,918,618 shares during the last quarter. Boston Partners grew its position in shares of United Parcel Service by 3,240.0% in the fourth quarter. Boston Partners now owns 1,891,319 shares of the transportation company’s stock valued at $184,460,000 after purchasing an additional 1,834,692 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of United Parcel Service by 3.6% in the fourth quarter. BlackRock Inc. now owns 43,989,061 shares of the transportation company’s stock valued at $4,290,253,000 after purchasing an additional 1,534,331 shares during the last quarter. 55.54% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on the company. Credit Suisse Group reissued a “neutral” rating and set a $114.00 target price on shares of United Parcel Service in a research report on Wednesday, March 6th. Berenberg Bank reissued a “hold” rating and set a $125.00 target price on shares of United Parcel Service in a research report on Friday, March 15th. Cowen reissued a “market perform” rating and set a $116.00 target price (down from $118.00) on shares of United Parcel Service in a research report on Friday, April 26th. Raymond James decreased their target price on United Parcel Service from $135.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 26th. Finally, Argus reissued a “buy” rating on shares of United Parcel Service in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $119.05.

UPS stock opened at $101.62 on Friday. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.09. The stock has a market cap of $87.81 billion, a P/E ratio of 14.04, a PEG ratio of 1.57 and a beta of 1.19. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.13 and a current ratio of 1.13.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.03). United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. During the same period last year, the business earned $1.55 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Monday, May 20th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Friday, May 17th. United Parcel Service’s dividend payout ratio is 53.04%.

In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total transaction of $159,045.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: “United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Xact Kapitalforvaltning AB” was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.dailypolitical.com/2019/06/16/united-parcel-service-inc-nyseups-shares-bought-by-xact-kapitalforvaltning-ab.html.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

See Also: Stop Order Uses For Individual Investors

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.