Handelsbanken Fonder AB Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

Handelsbanken Fonder AB lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 293,311 shares of the transportation company’s stock after selling 9,870 shares during the quarter. Handelsbanken Fonder AB’s holdings in United Parcel Service were worth $32,261,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Quent Capital LLC increased its holdings in shares of United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 80 shares during the last quarter. Altus Wealth Group LLC boosted its holdings in shares of United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock valued at $255,000 after buying an additional 89 shares during the period. Morningstar Investment Management LLC grew its position in shares of United Parcel Service by 1.9% during the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company’s stock valued at $637,000 after buying an additional 95 shares during the last quarter. Colonial Trust Co SC raised its stake in United Parcel Service by 1.4% during the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock worth $911,000 after acquiring an additional 98 shares during the period. Finally, Juncture Wealth Strategies LLC lifted its holdings in United Parcel Service by 2.5% in the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock worth $454,000 after acquiring an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $102.43 on Wednesday. The firm has a market capitalization of $86.73 billion, a P/E ratio of 15.15, a P/E/G ratio of 1.55 and a beta of 1.22. The stock has a fifty day moving average price of $97.15 and a two-hundred day moving average price of $113.42. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter last year, the company posted $1.43 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.40%. United Parcel Service’s dividend payout ratio is 95.63%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Bank of America boosted their price objective on United Parcel Service from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Wolfe Research cut their price target on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Susquehanna reduced their price objective on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. HSBC cut United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective for the company. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $120.26.

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.