United Parcel Service, Inc. $UPS Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 25,126 shares of the transportation company’s stock after buying an additional 5,000 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in United Parcel Service were worth $2,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. acquired a new position in United Parcel Service in the fourth quarter worth $25,000. Coston McIsaac & Partners increased its stake in United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. Torren Management LLC bought a new stake in United Parcel Service during the fourth quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth $29,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.4%

United Parcel Service stock opened at $105.29 on Monday. The company has a 50-day simple moving average of $104.09 and a 200-day simple moving average of $104.54. The firm has a market capitalization of $89.50 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.67 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.2%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Evercore decreased their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. Susquehanna raised their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. UBS Group decreased their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Citigroup upped their target price on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $111.50.

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.