Maj Invest Holding A S Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

Maj Invest Holding A S decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 713,607 shares of the transportation company’s stock after selling 36,140 shares during the quarter. United Parcel Service accounts for about 2.8% of Maj Invest Holding A S’s holdings, making the stock its 19th biggest holding. Maj Invest Holding A S owned about 0.08% of United Parcel Service worth $78,489,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Garde Capital Inc. purchased a new position in United Parcel Service in the first quarter worth approximately $37,000. CWA Asset Management Group LLC lifted its stake in United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company’s stock worth $381,000 after acquiring an additional 193 shares during the last quarter. Advisor Resource Council purchased a new position in United Parcel Service in the first quarter worth approximately $437,000. Clark Capital Management Group Inc. lifted its stake in United Parcel Service by 14.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company’s stock worth $1,441,000 after acquiring an additional 1,440 shares during the last quarter. Finally, Brighton Jones LLC lifted its stake in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 4,723 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $104.24 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $88.27 billion, a P/E ratio of 15.20, a P/E/G ratio of 2.01 and a beta of 1.21. The company’s fifty day moving average is $98.83 and its two-hundred day moving average is $109.75. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same period in the prior year, the company posted $1.43 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.29%. United Parcel Service’s dividend payout ratio (DPR) is presently 95.63%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Loop Capital cut their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Galvan Research cut their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. BMO Capital Markets cut their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective on the stock in a report on Thursday. Finally, Susquehanna cut their target price on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $119.29.

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.