Mn Services Vermogensbeheer B.V. Has $28.28 Million Position in United Parcel Service, Inc. $UPS

Mn Services Vermogensbeheer B.V. increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 285,066 shares of the transportation company’s stock after purchasing an additional 7,667 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in United Parcel Service were worth $28,276,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UPS. Brighton Jones LLC increased its stake in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of United Parcel Service during the second quarter valued at $277,000. SVB Wealth LLC acquired a new position in shares of United Parcel Service during the second quarter valued at $848,000. Elevation Point Wealth Partners LLC bought a new position in United Parcel Service in the second quarter valued at about $109,000. Finally, Loomis Sayles & Co. L P boosted its holdings in United Parcel Service by 23.1% in the second quarter. Loomis Sayles & Co. L P now owns 114,319 shares of the transportation company’s stock valued at $11,539,000 after acquiring an additional 21,434 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.0%

NYSE:UPS opened at $94.85 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The firm has a market capitalization of $80.53 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.49 and a beta of 1.08. The business’s 50-day moving average price is $107.93 and its two-hundred day moving average price is $98.91.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.18. The company had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.75 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Truist Financial raised their target price on shares of United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. UBS Group boosted their price target on shares of United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Bank of America raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a research note on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $113.67.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

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.