Nordea Investment Management AB Has $426.16 Million Stock Position in United Parcel Service, Inc. $UPS

Nordea Investment Management AB increased its position in United Parcel Service, Inc. (NYSE:UPS) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,284,342 shares of the transportation company’s stock after purchasing an additional 40,536 shares during the quarter. Nordea Investment Management AB’s holdings in United Parcel Service were worth $426,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Evelyn Partners Investment Management Europe Ltd grew its position in shares of United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after buying an additional 131 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in United Parcel Service in the second quarter valued at approximately $34,000. Salzhauer Michael bought a new position in United Parcel Service in the third quarter valued at approximately $31,000. Physician Wealth Advisors Inc. grew its holdings in United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after acquiring an additional 163 shares during the period. Finally, Avion Wealth raised its position in shares of United Parcel Service by 284.1% during the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 321 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UPS. Stifel Nicolaus increased their price target on United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein upped their price objective on United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, January 9th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Wells Fargo & Company raised their target price on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Finally, TD Cowen boosted their target price on United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell 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 $113.67.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale 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.

United Parcel Service Price Performance

NYSE UPS opened at $95.94 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $81.46 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.51 and a beta of 1.08. The business has a 50 day simple moving average of $109.19 and a 200 day simple moving average of $98.30. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.75 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s payout ratio is currently 100.00%.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.