Handelsbanken Fonder AB trimmed its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 12.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 325,789 shares of the transportation company’s stock after selling 46,682 shares during the quarter. Handelsbanken Fonder AB’s holdings in United Parcel Service were worth $35,022,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. A&I Financial Services LLC acquired a new stake in United Parcel Service during the second quarter worth $820,000. KMG Fiduciary Partners LLC grew its holdings in shares of United Parcel Service by 27.7% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 46,416 shares of the transportation company’s stock worth $4,990,000 after purchasing an additional 10,080 shares during the period. Sage Capital Advisors llc grew its holdings in shares of United Parcel Service by 1.3% during the 2nd quarter. Sage Capital Advisors llc now owns 95,800 shares of the transportation company’s stock worth $10,299,000 after purchasing an additional 1,183 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of United Parcel Service during the 2nd quarter worth about $225,000. Finally, Community Financial Services Group LLC increased its position in shares of United Parcel Service by 170.1% during the 2nd quarter. Community Financial Services Group LLC now owns 370 shares of the transportation company’s stock worth $41,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Stock Down 0.4%
Shares of NYSE UPS opened at $104.29 on Wednesday. The stock has a market cap of $88.65 billion, a P/E ratio of 19.38, a PEG ratio of 1.89 and a beta of 1.06. The business’s fifty day simple moving average is $109.15 and its 200-day simple moving average is $106.58. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $6.56 annualized dividend and a yield of 6.3%. United Parcel Service’s dividend payout ratio (DPR) is 121.93%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on UPS shares. BMO Capital Markets lifted their price target on shares of United Parcel Service from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Stephens lowered their price objective on shares of United Parcel Service from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Weiss Ratings downgraded shares of United Parcel Service from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 3rd. Evercore cut their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Finally, Oppenheimer raised their price target on United Parcel Service from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.41.
Read Our Latest Stock Analysis on UPS
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.
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