Handelsbanken Fonder AB Has $32.26 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Handelsbanken Fonder AB lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.3% in the first quarter, HoldingsChannel.com reports. The firm owned 293,311 shares of the transportation company’s stock after selling 9,870 shares during the quarter. Handelsbanken Fonder AB’s holdings in United Parcel Service were worth $32,261,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Quent Capital LLC increased its stake in United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 80 shares in the last quarter. Altus Wealth Group LLC boosted its position in shares of United Parcel Service by 4.6% during the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after purchasing an additional 89 shares in the last quarter. Morningstar Investment Management LLC grew its holdings in shares of United Parcel Service by 1.9% in the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company’s stock valued at $637,000 after buying an additional 95 shares during the period. Colonial Trust Co SC increased its position in shares of United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock valued at $911,000 after buying an additional 98 shares in the last quarter. Finally, Juncture Wealth Strategies LLC raised its stake in United Parcel Service by 2.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock worth $454,000 after buying an additional 101 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $102.43 on Wednesday. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The company has a market cap of $86.73 billion, a P/E ratio of 15.15, a P/E/G ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock’s 50-day simple moving average is $97.15 and its 200 day simple moving average is $113.42.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the company earned $1.43 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.40%. United Parcel Service’s dividend payout ratio is presently 95.63%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. HSBC cut United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research note on Thursday, May 1st. BMO Capital Markets decreased their price objective on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a report on Friday, March 7th. They set a “hold” rating and a $119.00 target price on the stock. Bank of America upped their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $120.26.

About United Parcel Service

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.