United Parcel Service, Inc. $UPS Shares Bought by Swedbank AB

Swedbank AB grew its position in United Parcel Service, Inc. (NYSE:UPS) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,358 shares of the transportation company’s stock after buying an additional 4,607 shares during the period. Swedbank AB’s holdings in United Parcel Service were worth $33,681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. Norges Bank purchased a new stake in United Parcel Service in the fourth quarter valued at $902,446,000. Victory Capital Management Inc. grew its holdings in shares of United Parcel Service by 72.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after purchasing an additional 5,826,824 shares during the period. AQR Capital Management LLC grew its holdings in shares of United Parcel Service by 175.7% during the 4th quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock worth $515,801,000 after purchasing an additional 3,314,166 shares during the period. Pacer Advisors Inc. increased its position in shares of United Parcel Service by 507.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock worth $321,796,000 after purchasing an additional 2,710,470 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in United Parcel Service in the 4th quarter valued at about $181,951,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.8%

Shares of NYSE:UPS opened at $110.00 on Thursday. The firm has a market capitalization of $93.50 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.78 and a beta of 1.05. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s 50-day moving average is $105.09 and its two-hundred day moving average is $105.48.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the firm posted $1.49 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.11 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.

Analysts Set New Price Targets

A number of research firms have commented on UPS. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. UBS Group dropped their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Susquehanna boosted their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citigroup upped their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Evercore lowered their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $110.85.

United Parcel Service 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.