Swedbank AB Raises Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Swedbank AB grew its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 298,088 shares of the transportation company's stock after purchasing an additional 17,579 shares during the quarter. Swedbank AB's holdings in United Parcel Service were worth $37,589,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cigna Investments Inc. New increased its stake in shares of United Parcel Service by 1.0% during the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company's stock worth $1,024,000 after buying an additional 75 shares during the period. Banco Santander S.A. raised its holdings in shares of United Parcel Service by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company's stock valued at $1,717,000 after purchasing an additional 79 shares in the last quarter. Gleason Group Inc. grew its holdings in shares of United Parcel Service by 1.2% during the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company's stock worth $897,000 after purchasing an additional 80 shares during the last quarter. Tradewinds LLC. lifted its holdings in shares of United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company's stock valued at $612,000 after purchasing an additional 81 shares during the last quarter. Finally, OLD Second National Bank of Aurora boosted its position in shares of United Parcel Service by 1.2% in the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company's stock valued at $979,000 after purchasing an additional 83 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company's stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UPS. Citigroup reduced their price objective on United Parcel Service from $158.00 to $149.00 and set a "buy" rating for the company in a research note on Friday. Wells Fargo & Company lowered their target price on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating on the stock in a research note on Friday. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Raymond James reduced their target price on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a research note on Friday. Finally, Morgan Stanley reduced their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of "Moderate Buy" and an average target price of $141.95.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $0.71 on Friday, hitting $114.19. The company had a trading volume of 15,842,034 shares, compared to its average volume of 6,791,747. United Parcel Service, Inc. has a 52-week low of $109.62 and a 52-week high of $158.95. The company has a market cap of $97.45 billion, a PE ratio of 17.25, a PEG ratio of 1.88 and a beta of 1.00. The business has a 50 day moving average of $128.72 and a 200 day moving average of $130.61. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same quarter last year, the company earned $2.47 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.5 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date was Monday, November 18th. United Parcel Service's payout ratio is 98.49%.

United Parcel Service 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.