Nordea Investment Management AB lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 103.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 440,632 shares of the transportation company’s stock after buying an additional 223,691 shares during the quarter. Nordea Investment Management AB owned about 0.05% of United Parcel Service worth $82,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keel Point LLC purchased a new stake in United Parcel Service in the second quarter worth about $562,000. PrairieView Partners LLC purchased a new stake in United Parcel Service in the third quarter worth about $27,000. Carderock Capital Management Inc. purchased a new stake in United Parcel Service in the third quarter worth about $30,000. Financial Insights Inc. purchased a new stake in United Parcel Service in the second quarter worth about $38,000. Finally, BDO Wealth Advisors LLC grew its holdings in United Parcel Service by 56.1% in the second quarter. BDO Wealth Advisors LLC now owns 242 shares of the transportation company’s stock worth $50,000 after purchasing an additional 87 shares during the period. Institutional investors own 56.96% of the company’s stock.
Shares of NYSE UPS opened at $208.44 on Thursday. The firm has a fifty day moving average price of $206.15 and a 200-day moving average price of $200.40. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $181.16 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 1.47 and a beta of 1.12. United Parcel Service, Inc. has a 1 year low of $154.76 and a 1 year high of $220.24.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 26th. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.55 by $0.16. The firm had revenue of $23.18 billion during the quarter, compared to analysts’ expectations of $22.57 billion. United Parcel Service had a net margin of 6.92% and a return on equity of 127.98%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 11.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 8th. Stockholders of record on Monday, November 22nd were paid a $1.02 dividend. The ex-dividend date of this dividend was Friday, November 19th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.96%. United Parcel Service’s dividend payout ratio (DPR) is presently 54.99%.
A number of equities research analysts have recently commented on UPS shares. KeyCorp increased their price target on shares of United Parcel Service from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 27th. Stifel Nicolaus increased their price target on shares of United Parcel Service from $224.00 to $241.00 and gave the company a “buy” rating in a report on Wednesday, October 27th. JPMorgan Chase & Co. set a $240.00 price target on shares of United Parcel Service in a report on Tuesday. Barclays increased their price target on shares of United Parcel Service from $230.00 to $235.00 and gave the company an “equal weight” rating in a report on Wednesday, October 27th. Finally, Oppenheimer increased their price target on shares of United Parcel Service from $222.00 to $236.00 and gave the company an “outperform” rating in a report on Wednesday, October 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Buy” and an average target price of $213.64.
United Parcel Service Profile
United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.
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