United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 3.7% during the second quarter, HoldingsChannel.com reports. The fund owned 148,486 shares of the transportation company’s stock after acquiring an additional 5,318 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in United Parcel Service were worth $20,320,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pineridge Advisors LLC acquired a new stake in shares of United Parcel Service in the fourth quarter worth approximately $31,000. Security National Bank acquired a new stake in shares of United Parcel Service in the fourth quarter worth approximately $31,000. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the second quarter worth approximately $28,000. Stephens Consulting LLC boosted its stake in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of United Parcel Service in the second quarter worth approximately $32,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UPS. UBS Group lowered their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird reduced their price objective on 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. Barclays reduced their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Stifel Nicolaus reduced their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Susquehanna reduced their price objective on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.68.

United Parcel Service Price Performance

UPS stock opened at $128.63 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $110.18 billion, a PE ratio of 18.64, a P/E/G ratio of 1.90 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The business’s fifty day moving average price is $130.18 and its 200 day moving average price is $139.35.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.54 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.07%. United Parcel Service’s dividend payout ratio is presently 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.