Maj Invest Holding A S Trims Stock Holdings in United Parcel Service, Inc. $UPS

Maj Invest Holding A S lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 710,521 shares of the transportation company’s stock after selling 3,086 shares during the quarter. United Parcel Service comprises about 2.5% of Maj Invest Holding A S’s portfolio, making the stock its 17th biggest holding. Maj Invest Holding A S owned about 0.08% of United Parcel Service worth $71,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Berkeley Capital Partners LLC raised its stake in shares of United Parcel Service by 69.8% in the 2nd quarter. Berkeley Capital Partners LLC now owns 14,920 shares of the transportation company’s stock valued at $1,506,000 after acquiring an additional 6,133 shares during the period. Bogart Wealth LLC increased its holdings in United Parcel Service by 96.7% in the 2nd quarter. Bogart Wealth LLC now owns 785 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 386 shares during the last quarter. FLC Capital Advisors raised its position in United Parcel Service by 379.4% in the second quarter. FLC Capital Advisors now owns 13,817 shares of the transportation company’s stock valued at $1,395,000 after purchasing an additional 10,935 shares during the period. Stephens Inc. AR raised its position in United Parcel Service by 20.1% in the second quarter. Stephens Inc. AR now owns 90,368 shares of the transportation company’s stock valued at $9,122,000 after purchasing an additional 15,135 shares during the period. Finally, Balboa Wealth Partners lifted its stake in United Parcel Service by 10.6% during the second quarter. Balboa Wealth Partners now owns 7,713 shares of the transportation company’s stock worth $779,000 after purchasing an additional 737 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Christiana Smith Shi bought 500 shares of the stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares in the company, valued at approximately $44,085. This represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,182 shares of company stock worth $1,477,382. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.5%

Shares of NYSE UPS opened at $86.88 on Tuesday. The business has a 50-day moving average of $85.59 and a two-hundred day moving average of $93.34. The company has a market capitalization of $73.64 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the business posted $1.79 EPS. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service’s payout ratio is currently 97.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on UPS shares. Citigroup dropped their price objective on United Parcel Service from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Monday, October 13th. BNP Paribas Exane raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price for the company in a research report on Thursday, July 3rd. Galvan Research cut their price target on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, June 30th. UBS Group lowered their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Finally, Barclays dropped their price objective on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $109.31.

United Parcel Service 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.