United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 83.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,466 shares of the transportation company’s stock after selling 7,410 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in United Parcel Service were worth $230,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UPS. International Assets Investment Management LLC lifted its holdings in shares of United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Norges Bank acquired a new stake in shares of United Parcel Service during the fourth quarter worth $1,255,623,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of United Parcel Service by 105,818.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock worth $732,833,000 after purchasing an additional 4,211,580 shares during the period. Wellington Management Group LLP lifted its holdings in shares of United Parcel Service by 31.7% during the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares during the period. Finally, Morgan Stanley raised its position in United Parcel Service by 33.7% in the fourth quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after acquiring an additional 1,949,775 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Eva C. Boratto acquired 1,400 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now directly owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Susquehanna reiterated a “neutral” rating and issued a $150.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. Raymond James cut their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. Daiwa Capital Markets cut United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target for the company. in a research report on Tuesday, December 26th. Oppenheimer reaffirmed an “outperform” rating and set a $153.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Finally, JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $165.61.

United Parcel Service Stock Up 0.1 %

United Parcel Service stock traded up $0.14 during midday trading on Thursday, hitting $142.39. 174,553 shares of the company were exchanged, compared to its average volume of 4,265,055. The company’s fifty day moving average price is $149.65 and its 200-day moving average price is $151.34. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80. The company has a market cap of $121.41 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. During the same period in the prior year, the company posted $3.62 EPS. United Parcel Service’s quarterly revenue was down 7.8% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is presently 83.70%.

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.