Andra AP fonden grew its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 95.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,983 shares of the transportation company’s stock after acquiring an additional 163,000 shares during the period. Andra AP fonden’s holdings in United Parcel Service were worth $33,611,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of UPS. Vanguard Group Inc. grew its stake in United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock worth $7,274,323,000 after purchasing an additional 999,832 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after buying an additional 1,780,807 shares during the period. Goldman Sachs Group Inc. grew its position in shares of United Parcel Service by 124.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after buying an additional 4,988,044 shares in the last quarter. Northern Trust Corp grew its position in shares of United Parcel Service by 0.3% during the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock worth $815,633,000 after buying an additional 23,918 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of United Parcel Service by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock valued at $519,059,000 after buying an additional 171,303 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Stock Down 0.4%
United Parcel Service stock opened at $92.92 on Thursday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $138.67. The business has a fifty day moving average price of $86.64 and a 200-day moving average price of $92.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32. The stock has a market capitalization of $78.76 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.29 and a beta of 1.11.
Insider Activity at United Parcel Service
In related news, Director Christiana Smith Shi acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research firms recently weighed in on UPS. Bank of America lowered their price objective on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Truist Financial boosted their price target on shares of United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Stephens upgraded shares of United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $120.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. Finally, Oppenheimer lowered their target price on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $110.00.
Read Our Latest Stock Report on UPS
United Parcel Service Company Profile
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.
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