AMF Tjanstepension AB Boosts Stake in United Parcel Service, Inc. (NYSE:UPS)

AMF Tjanstepension AB raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 39.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,360 shares of the transportation company's stock after acquiring an additional 30,815 shares during the period. AMF Tjanstepension AB's holdings in United Parcel Service were worth $14,793,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in United Parcel Service by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company's stock valued at $10,568,798,000 after acquiring an additional 178,394 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company's stock valued at $2,854,180,000 after purchasing an additional 8,475,698 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of United Parcel Service by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company's stock valued at $991,556,000 after purchasing an additional 406,248 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of United Parcel Service by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company's stock valued at $888,254,000 after purchasing an additional 20,426 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company's stock valued at $567,157,000 after purchasing an additional 393,434 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of UPS stock traded down $2.32 during trading on Thursday, hitting $130.69. The company's stock had a trading volume of 3,630,004 shares, compared to its average volume of 4,261,551. The company has a market cap of $111.81 billion, a PE ratio of 18.94, a P/E/G ratio of 1.98 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $128.85 and a 200-day moving average of $138.01. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the company posted $2.54 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.43 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, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service's dividend payout ratio (DPR) is currently 94.49%.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the firm's stock in a transaction dated Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent analyst reports. BMO Capital Markets decreased their price target on United Parcel Service from $169.00 to $155.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 24th. Barclays reduced their price target on United Parcel Service from $145.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 24th. Stephens dropped their price objective on United Parcel Service from $168.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 24th. Bank of America dropped their price objective on United Parcel Service from $160.00 to $158.00 and set a "neutral" rating on the stock in a research note on Monday, July 22nd. Finally, UBS Group dropped their price objective on United Parcel Service from $175.00 to $159.00 and set a "buy" rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $149.68.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.