Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 20,450 Shares of United Parcel Service, Inc. $UPS

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 76.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,091 shares of the transportation company’s stock after acquiring an additional 20,450 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in United Parcel Service were worth $4,633,000 at the end of the most recent quarter.

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

United Parcel Service Trading Down 0.6%

NYSE UPS opened at $109.99 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a market cap of $93.49 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.05. The business’s fifty day moving average is $104.91 and its 200 day moving average is $105.28.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the company earned $1.49 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent analyst reports. UBS Group cut 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. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Evercore decreased their target price on 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. Susquehanna boosted their target price on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Citigroup increased their target price on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $110.85.

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.