Andra AP fonden Trims Stake in United Parcel Service, Inc. $UPS

Andra AP fonden lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 37.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,849 shares of the transportation company’s stock after selling 62,034 shares during the quarter. Andra AP fonden’s holdings in United Parcel Service were worth $10,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Potomac Fund Management Inc. ADV boosted its position in shares of United Parcel Service by 0.8% in the fourth quarter. Potomac Fund Management Inc. ADV now owns 11,324 shares of the transportation company’s stock worth $1,123,000 after purchasing an additional 90 shares during the period. Westbourne Investments Inc. increased its stake in United Parcel Service by 1.2% in the 4th quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock worth $781,000 after buying an additional 91 shares in the last quarter. Ipsen Advisor Group LLC raised its holdings in United Parcel Service by 1.7% during the fourth quarter. Ipsen Advisor Group LLC now owns 5,670 shares of the transportation company’s stock valued at $562,000 after acquiring an additional 95 shares during the period. Webster Bank N. A. raised its holdings in United Parcel Service by 16.7% during the fourth quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 100 shares during the period. Finally, Peoples Financial Services CORP. lifted its position in shares of United Parcel Service by 2.5% in the fourth quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 2.8%

UPS opened at $116.32 on Wednesday. The stock has a market cap of $98.87 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.80 and a beta of 1.05. The stock’s 50 day moving average price is $107.30 and its 200-day moving average price is $106.36. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. 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 (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) 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 the consensus estimate of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is 106.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UPS. Citizens Jmp initiated coverage on shares of United Parcel Service in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Evercore reduced their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Sanford C. Bernstein increased their price objective on shares of United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday. Stephens raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Susquehanna boosted 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. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $111.50.

Key Headlines Impacting United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: Sanford C. Bernstein raised its price target on UPS to $133 from $130 and reiterated an outperform rating, signaling upside confidence ahead of earnings.
• Positive Sentiment: Analysts expect UPS to have a chance to beat upcoming quarterly earnings expectations, supported by the right mix of improving per-package revenue and cost cuts.
• Positive Sentiment: Investor focus is centered on updated guidance, and any stronger-than-expected outlook could further support the shares after recent weakness.
• Neutral Sentiment: Market commentary notes UPS has been moving alongside broader transportation-sector earnings expectations, with traders watching for confirmation in the Q2 report. United Parcel Service Inc. Cl B stock underperforms Monday when compared to competitors
• Negative Sentiment: Recent articles also point to lower shipping volumes and pricing pressure from fuel surcharges and competition, including Amazon’s expanding delivery network, which could weigh on margins. Fuel surcharges wallop FedEx, UPS shippers as Amazon looms

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.