Livforsakringsbolaget Skandia Omsesidigt Has $230,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Livforsakringsbolaget Skandia Omsesidigt decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 83.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,466 shares of the transportation company’s stock after selling 7,410 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in United Parcel Service were worth $230,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UPS. RB Capital Management LLC lifted its stake in shares of United Parcel Service by 3.1% in the 1st quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 81 shares during the last quarter. Ergoteles LLC acquired a new stake in United Parcel Service during the 1st quarter worth about $1,162,000. Halbert Hargrove Global Advisors LLC grew its stake in shares of United Parcel Service by 10.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock valued at $264,000 after buying an additional 112 shares during the period. First Western Trust Bank acquired a new stake in shares of United Parcel Service in the 1st quarter valued at about $515,000. Finally, Stevens Capital Management LP bought a new position in United Parcel Service in the 1st quarter valued at about $701,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.1 %

Shares of NYSE UPS traded up $0.14 on Thursday, reaching $142.39. 174,553 shares of the company’s stock traded hands, compared to its average volume of 4,265,055. The company has a market cap of $121.41 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The business’s 50 day simple moving average is $149.65 and its two-hundred day simple moving average is $151.34. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $197.80.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.01. The company had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.62 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date was Friday, February 16th. This represents a $6.52 annualized dividend and a yield of 4.58%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

Wall Street Analyst Weigh In

Several equities analysts have commented on UPS shares. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, April 3rd. Oppenheimer reiterated an “outperform” rating and issued a $153.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Evercore ISI restated an “in-line” rating and set a $154.00 price target on shares of United Parcel Service in a research report on Wednesday, March 27th. Raymond James reduced their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. Finally, Susquehanna restated a “neutral” rating and set a $150.00 price target on shares of United Parcel Service in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average target price of $165.61.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.