Tredje AP fonden Has $3.69 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Tredje AP fonden trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 53.4% during the fourth quarter, Holdings Channel reports. The fund owned 29,254 shares of the transportation company’s stock after selling 33,540 shares during the quarter. Tredje AP fonden’s holdings in United Parcel Service were worth $3,689,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $393,680,000. Two Sigma Advisers LP grew its stake in United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after buying an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp raised its holdings in United Parcel Service by 77.7% in the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after acquiring an additional 1,378,136 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares during the period. Finally, Amundi lifted its position in United Parcel Service by 14.6% during the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock worth $1,272,600,000 after acquiring an additional 1,277,328 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Loop Capital lowered their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Finally, Truist Financial assumed coverage on shares of United Parcel Service in a research note on Thursday. They set a “buy” rating and a $140.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service Stock Performance

United Parcel Service stock opened at $115.09 on Friday. The firm has a market capitalization of $98.30 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.55 and a beta of 0.94. The stock has a fifty day moving average price of $121.05 and a two-hundred day moving average price of $127.47. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. 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 Thursday, January 30th. The transportation company reported $2.75 earnings per share (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 quarter in the previous year, the company posted $2.47 earnings per share. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.70%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is 97.04%.

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.