Swedbank AB Raises Stake in United Parcel Service, Inc. (NYSE:UPS)

Swedbank AB grew its position in United Parcel Service, Inc. (NYSE:UPS) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 280,509 shares of the transportation company’s stock after purchasing an additional 7,675 shares during the quarter. Swedbank AB’s holdings in United Parcel Service were worth $38,245,000 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 recently modified their holdings of the company. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the 2nd quarter worth $28,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the second quarter worth about $32,000. Centerpoint Advisors LLC raised its stake in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the period. Tortoise Investment Management LLC lifted its holdings in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares in the last quarter. Finally, PSI Advisors LLC boosted its stake in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Up 2.0 %

Shares of NYSE UPS opened at $137.53 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $117.36 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.21 and a beta of 0.99. The business’s 50 day moving average price is $133.15 and its 200-day moving average price is $134.03.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.57 earnings per share. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.74%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UPS. Evercore ISI lifted their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Susquehanna lifted their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Barclays reissued an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. UBS Group lifted their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.52.

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.