APG Asset Management N.V. Reduces Stock Position in United Parcel Service, Inc. $UPS

APG Asset Management N.V. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 54.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,212 shares of the transportation company’s stock after selling 36,800 shares during the period. APG Asset Management N.V.’s holdings in United Parcel Service were worth $2,524,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in UPS. Vanguard Group Inc. grew its stake in United Parcel Service by 0.6% in the third quarter. Vanguard Group Inc. now owns 67,277,988 shares of the transportation company’s stock worth $5,619,730,000 after purchasing an additional 372,850 shares in the last quarter. State Street Corp lifted its holdings in United Parcel Service by 1.5% during the 2nd quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock worth $3,106,381,000 after buying an additional 444,384 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of United Parcel Service by 3.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock worth $2,603,459,000 after acquiring an additional 746,667 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of United Parcel Service by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock valued at $1,675,733,000 after acquiring an additional 762,407 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of United Parcel Service during the 2nd quarter valued at approximately $851,842,000. 60.26% of the stock is currently owned by institutional investors.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UPS shares. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 6th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Bank of America raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a report on Friday, January 9th. Jefferies Financial Group upped their price objective on United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.67.

United Parcel Service Stock Down 1.2%

Shares of UPS stock opened at $113.08 on Wednesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $123.70. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The business’s fifty day moving average is $109.78 and its 200-day moving average is $97.22. The stock has a market cap of $96.02 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08.

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

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be given a $1.64 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 5.8%. United Parcel Service’s payout ratio is 100.00%.

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.