Tredje AP fonden grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 42.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,310 shares of the transportation company’s stock after buying an additional 26,010 shares during the period. Tredje AP fonden’s holdings in United Parcel Service were worth $9,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. V Wealth Management LLC acquired a new stake in shares of United Parcel Service in the second quarter valued at about $102,000. First PREMIER Bank increased its stake in shares of United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares during the period. Ullmann Financial Group Inc. acquired a new stake in shares of United Parcel Service in the first quarter valued at about $126,000. Parkside Financial Bank & Trust increased its stake in shares of United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after buying an additional 153 shares during the period. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares during the period. 52.87% of the stock is owned by institutional investors.

Several brokerages recently commented on UPS. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. BidaskClub lowered United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. BMO Capital Markets upped their target price on United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Credit Suisse Group restated a “neutral” rating and set a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. United Parcel Service currently has an average rating of “Hold” and an average price target of $119.22.

In other news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.59% of the stock is owned by company insiders.

United Parcel Service, Inc. (NYSE:UPS) opened at $115.46 on Friday. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.12. The firm has a market capitalization of $101,205.69, a PE ratio of 19.54, a P/E/G ratio of 2.10 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The company had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.88%. United Parcel Service’s dividend payout ratio is presently 81.37%.

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United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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