Andra AP fonden Buys 12,200 Shares of United Parcel Service, Inc. (NYSE:UPS)

Andra AP fonden raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,183 shares of the transportation company’s stock after purchasing an additional 12,200 shares during the quarter. Andra AP fonden’s holdings in United Parcel Service were worth $16,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Royal London Asset Management Ltd. lifted its stake in United Parcel Service by 1.9% during the second quarter. Royal London Asset Management Ltd. now owns 295,160 shares of the transportation company’s stock worth $40,393,000 after purchasing an additional 5,544 shares during the last quarter. Lane & Associates LLC raised its holdings in shares of United Parcel Service by 5.5% during the 2nd quarter. Lane & Associates LLC now owns 2,222 shares of the transportation company’s stock valued at $304,000 after buying an additional 116 shares in the last quarter. Longfellow Investment Management Co. LLC raised its holdings in shares of United Parcel Service by 13.4% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 8,956 shares of the transportation company’s stock valued at $1,226,000 after buying an additional 1,056 shares in the last quarter. Liberty Wealth Management LLC lifted its position in United Parcel Service by 22.9% in the 2nd quarter. Liberty Wealth Management LLC now owns 4,344 shares of the transportation company’s stock worth $594,000 after buying an additional 810 shares during the last quarter. Finally, Choreo LLC boosted its stake in United Parcel Service by 9.8% in the second quarter. Choreo LLC now owns 151,864 shares of the transportation company’s stock worth $20,648,000 after buying an additional 13,597 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays decreased their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Bank of America decreased their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. BMO Capital Markets cut their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Evercore ISI decreased their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. Finally, Susquehanna lowered their target price on 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. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.20.

United Parcel Service Trading Up 0.7 %

NYSE:UPS opened at $129.83 on Wednesday. The company has a 50-day moving average price of $131.34 and a 200-day moving average price of $140.29. The stock has a market cap of $111.21 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.88 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter last year, the business earned $2.54 earnings per share. The business’s quarterly revenue was down 1.1% on a year-over-year basis. Equities analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.02%. United Parcel Service’s payout ratio is 94.49%.

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.