AMF Tjanstepension AB Has $10.64 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

AMF Tjanstepension AB cut its position in United Parcel Service, Inc. (NYSE:UPS) by 54.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,545 shares of the transportation company’s stock after selling 94,581 shares during the period. AMF Tjanstepension AB’s holdings in United Parcel Service were worth $10,639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service in the 4th quarter valued at $26,000. Northwest Financial Advisors acquired a new position in United Parcel Service during the 4th quarter valued at about $28,000. Pineridge Advisors LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $31,000. Bourgeon Capital Management LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $31,000. Finally, Security National Bank bought a new stake in United Parcel Service during the fourth quarter worth $31,000. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the subject of several recent analyst reports. Susquehanna reduced their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Barclays dropped their target price on shares of 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. Stifel Nicolaus reduced their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. Finally, Bank of America lowered their target price 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. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $154.95.

United Parcel Service Stock Down 0.9 %

Shares of UPS stock traded down $1.15 during trading hours on Wednesday, hitting $123.35. 4,733,022 shares of the company’s stock traded hands, compared to its average volume of 4,290,136. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market cap of $105.53 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.77 and a beta of 0.98. The stock’s fifty day simple moving average is $135.76 and its two-hundred day simple moving average is $144.06. United Parcel Service, Inc. has a 12-month low of $123.25 and a 12-month high of $184.33.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.64 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.29%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insiders Place Their Bets

In related news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by insiders.

About United Parcel Service

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.