Handelsbanken Fonder AB Boosts Stock Holdings in United Parcel Service, Inc. $UPS

Handelsbanken Fonder AB raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 11.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 404,185 shares of the transportation company’s stock after acquiring an additional 40,536 shares during the period. Handelsbanken Fonder AB’s holdings in United Parcel Service were worth $40,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Csenge Advisory Group grew its stake in United Parcel Service by 79.4% during the fourth quarter. Csenge Advisory Group now owns 20,957 shares of the transportation company’s stock valued at $2,079,000 after acquiring an additional 9,273 shares in the last quarter. Maj Invest Holding A S grew its stake in United Parcel Service by 10.6% during the fourth quarter. Maj Invest Holding A S now owns 1,090,951 shares of the transportation company’s stock valued at $108,212,000 after acquiring an additional 104,797 shares in the last quarter. ProShare Advisors LLC grew its stake in United Parcel Service by 9.0% during the fourth quarter. ProShare Advisors LLC now owns 138,743 shares of the transportation company’s stock valued at $13,762,000 after acquiring an additional 11,407 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in United Parcel Service by 51.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 50,785 shares of the transportation company’s stock valued at $5,037,000 after acquiring an additional 17,276 shares in the last quarter. Finally, Ironwood Investment Counsel LLC grew its stake in United Parcel Service by 4.6% during the fourth quarter. Ironwood Investment Counsel LLC now owns 61,291 shares of the transportation company’s stock valued at $6,079,000 after acquiring an additional 2,687 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on UPS shares. TD Cowen boosted their price objective on shares of United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Susquehanna lifted their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. BMO Capital Markets lifted their target price on shares of United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Jefferies Financial Group lifted their target price on shares of United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Evercore dropped their target price 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 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 MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $111.87.

United Parcel Service Trading Up 1.3%

Shares of United Parcel Service stock opened at $96.79 on Wednesday. The firm has a market cap of $82.27 billion, a PE ratio of 15.66, a PEG ratio of 1.52 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a 50 day simple moving average of $100.41 and a two-hundred day simple moving average of $102.70.

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

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Monday, May 18th. United Parcel Service’s payout ratio is presently 106.15%.

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.