SEB Asset Management AB Takes $14.60 Million Position in United Parcel Service, Inc. $UPS

SEB Asset Management AB acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the first quarter, HoldingsChannel reports. The firm acquired 148,363 shares of the transportation company’s stock, valued at approximately $14,596,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in United Parcel Service during the 4th quarter valued at about $902,446,000. Victory Capital Management Inc. raised its position in shares of United Parcel Service by 72.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after buying an additional 5,826,824 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of United Parcel Service by 175.7% in the 4th quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock worth $515,801,000 after acquiring an additional 3,314,166 shares during the period. Pacer Advisors Inc. lifted its stake in shares of United Parcel Service by 507.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock worth $321,796,000 after acquiring an additional 2,710,470 shares during the period. Finally, Manning & Napier Advisors LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $181,951,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 3.8%

Shares of NYSE:UPS opened at $113.19 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $96.21 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.87 and a beta of 1.05. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The company has a 50 day moving average price of $106.94 and a 200 day moving average price of $106.24.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the prior year, the company earned $1.49 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.8%. United Parcel Service’s payout ratio is 106.15%.

Analysts Set New Price Targets

A number of research analysts recently commented on UPS shares. Citigroup raised their price objective on shares of United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Saturday. Stephens raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Citizens Jmp started coverage on United Parcel Service in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Evercore dropped their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.10.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.