AMF Tjanstepension AB Purchases 30,815 Shares of United Parcel Service, Inc. (NYSE:UPS)

AMF Tjanstepension AB boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 39.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,360 shares of the transportation company’s stock after purchasing an additional 30,815 shares during the period. AMF Tjanstepension AB’s holdings in United Parcel Service were worth $14,793,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in UPS. TruNorth Capital Management LLC bought a new position in United Parcel Service during the 2nd quarter worth about $28,000. Security National Bank bought a new position in United Parcel Service during the 4th quarter worth about $31,000. Pineridge Advisors LLC bought a new position in United Parcel Service during the 4th quarter worth about $31,000. Riverview Trust Co bought a new position in shares of United Parcel Service in the 2nd quarter valued at about $32,000. Finally, Centerpoint Advisors LLC grew its holdings in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America decreased their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. UBS Group cut 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. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Stephens cut their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, TD Cowen began coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.68.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

United Parcel Service Stock Down 0.2 %

NYSE UPS opened at $133.02 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a 50 day moving average of $128.78 and a 200-day moving average of $138.06. The company has a market cap of $113.81 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.98 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.54 earnings per share. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.43 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, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.90%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

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.