United Parcel Service, Inc. $UPS Shares Bought by Maj Invest Holding A S

Maj Invest Holding A S raised its position in United Parcel Service, Inc. (NYSE:UPS) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,090,951 shares of the transportation company’s stock after acquiring an additional 104,797 shares during the quarter. United Parcel Service comprises approximately 5.0% of Maj Invest Holding A S’s holdings, making the stock its 12th largest position. Maj Invest Holding A S’s holdings in United Parcel Service were worth $108,212,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Coston McIsaac & Partners boosted its stake in shares of United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares during the period. Torren Management LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $29,000. Physician Wealth Advisors Inc. boosted its stake in shares of United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after buying an additional 163 shares during the period. Winch Advisory Services LLC boosted its stake in shares of United Parcel Service by 37.3% in the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock valued at $38,000 after buying an additional 124 shares during the period. Finally, Activest Wealth Management boosted its stake in shares of United Parcel Service by 144.3% in the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock valued at $40,000 after buying an additional 241 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent research reports. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Wells Fargo & Company lifted their price objective on United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Stephens lifted their price objective on United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. BMO Capital Markets lifted their price objective on United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Finally, UBS Group decreased their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $111.87.

United Parcel Service Trading Down 3.3%

UPS opened at $95.68 on Tuesday. The firm has a market cap of $81.33 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The business’s 50 day moving average is $100.52 and its two-hundred day moving average is $102.70. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 6.9%. United Parcel Service’s payout ratio is 106.15%.

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.