United Parcel Service, Inc. (NYSE:UPS) Position Boosted by APG Asset Management N.V.

APG Asset Management N.V. lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 14.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 472,521 shares of the transportation company’s stock after purchasing an additional 60,424 shares during the quarter. APG Asset Management N.V. owned 0.06% of United Parcel Service worth $60,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in UPS. Wellington Management Group LLP boosted its stake in shares of United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after buying an additional 8,475,698 shares during the period. Marshall Wace LLP boosted its position in United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after purchasing an additional 1,901,914 shares during the last quarter. First Trust Advisors LP grew its stake in United Parcel Service by 208.1% in the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after purchasing an additional 1,160,005 shares in the last quarter. Spirepoint Private Client LLC acquired a new position in United Parcel Service in the 1st quarter worth about $160,787,000. Finally, Confluence Investment Management LLC purchased a new stake in shares of United Parcel Service during the 1st quarter worth about $100,176,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 1.4 %

Shares of UPS opened at $133.34 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $114.22 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.91 and a beta of 0.99. The stock has a fifty day moving average price of $129.20 and a two-hundred day moving average price of $138.79. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.54 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is 94.49%.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The shares were bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UPS. UBS Group reduced their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus reduced their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Robert W. Baird lowered their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Susquehanna lowered their price objective on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.68.

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.