E. Ohman J or Asset Management AB Has $4.16 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

E. Ohman J or Asset Management AB raised its position in United Parcel Service, Inc. (NYSE:UPS) by 11.5% in the fourth quarter, HoldingsChannel reports. The fund owned 33,011 shares of the transportation company’s stock after purchasing an additional 3,400 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in United Parcel Service were worth $4,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. AMF Tjanstepension AB increased its stake in United Parcel Service by 39.7% during the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock valued at $14,793,000 after purchasing an additional 30,815 shares in the last quarter. Czech National Bank grew its holdings in shares of United Parcel Service by 7.4% during the third quarter. Czech National Bank now owns 149,220 shares of the transportation company’s stock valued at $20,345,000 after buying an additional 10,227 shares during the last quarter. GAMMA Investing LLC increased its position in shares of United Parcel Service by 5.3% during the third quarter. GAMMA Investing LLC now owns 5,680 shares of the transportation company’s stock worth $774,000 after acquiring an additional 286 shares in the last quarter. Eagle Rock Investment Company LLC increased its position in shares of United Parcel Service by 0.8% during the third quarter. Eagle Rock Investment Company LLC now owns 43,360 shares of the transportation company’s stock worth $5,912,000 after acquiring an additional 331 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its holdings in shares of United Parcel Service by 20.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 52,392 shares of the transportation company’s stock worth $7,143,000 after acquiring an additional 8,834 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UPS. UBS Group lowered their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday. Evercore ISI upped their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $160.00 to $130.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Down 2.6 %

Shares of NYSE UPS opened at $111.26 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The business has a 50-day moving average of $128.31 and a 200-day moving average of $130.16. The firm has a market capitalization of $94.95 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.63 and a beta of 0.98. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the business posted $2.47 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 8.61 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.86%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 96.45%.

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.