United Parcel Service, Inc. $UPS Stock Holdings Lifted by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,203,460 shares of the transportation company’s stock after buying an additional 29,075 shares during the period. Swiss Life Asset Management Ltd owned about 0.14% of United Parcel Service worth $100,525,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. Norges Bank acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $851,842,000. Laurel Wealth Advisors LLC lifted its stake in United Parcel Service by 11,517.3% in the second quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock valued at $252,695,000 after buying an additional 2,481,864 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of United Parcel Service by 78.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock valued at $412,528,000 after acquiring an additional 1,799,882 shares during the period. Invesco Ltd. grew its position in shares of United Parcel Service by 45.4% during the second quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock worth $578,467,000 after acquiring an additional 1,789,467 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of United Parcel Service by 94.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock worth $231,388,000 after acquiring an additional 1,119,372 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UPS shares. BMO Capital Markets boosted their target price on shares of United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. BNP Paribas Exane downgraded United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price objective for the company. in a research report on Tuesday, January 13th. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Stifel Nicolaus boosted their price target on United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $113.67.

United Parcel Service Stock Down 0.9%

Shares of UPS stock opened at $96.90 on Thursday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The business’s fifty day moving average is $109.64 and its 200-day moving average is $98.16. The stock has a market cap of $82.28 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.18. The business had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.75 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s dividend payout ratio is presently 100.00%.

About United Parcel Service

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.