United Parcel Service, Inc. (NYSE:UPS) Stake Trimmed by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,635 shares of the transportation company’s stock after selling 1,376 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in United Parcel Service were worth $3,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. LaFleur & Godfrey LLC lifted its holdings in shares of United Parcel Service by 62.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company’s stock worth $785,000 after buying an additional 2,401 shares during the last quarter. Brighton Jones LLC grew its position in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Robertson Stephens Wealth Management LLC grew its position in United Parcel Service by 9.7% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,409 shares of the transportation company’s stock valued at $682,000 after acquiring an additional 478 shares during the period. Financial Advocates Investment Management grew its position in United Parcel Service by 16.9% in the fourth quarter. Financial Advocates Investment Management now owns 9,631 shares of the transportation company’s stock valued at $1,214,000 after acquiring an additional 1,389 shares during the period. Finally, GHP Investment Advisors Inc. grew its position in United Parcel Service by 4.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 18,461 shares of the transportation company’s stock valued at $2,328,000 after acquiring an additional 724 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of several research analyst reports. Citigroup decreased their target price on United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. HSBC lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Thursday, May 1st. Wolfe Research cut their target price on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Loop Capital cut their target price on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Finally, Wall Street Zen lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Stock Up 1.4%

NYSE:UPS opened at $98.24 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $83.19 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The stock’s 50 day moving average price is $97.32 and its two-hundred day moving average price is $113.99.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the previous year, the firm earned $1.43 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio is 95.63%.

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.