Avanza Fonder AB Sells 7,075 Shares of United Parcel Service, Inc. (NYSE:UPS)

Avanza Fonder AB trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,222 shares of the transportation company's stock after selling 7,075 shares during the quarter. Avanza Fonder AB's holdings in United Parcel Service were worth $7,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $1,075,393,000. Raymond James Financial Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $393,680,000. Franklin Resources Inc. grew its stake in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of United Parcel Service by 77.7% during the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock valued at $397,329,000 after purchasing an additional 1,378,136 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 price target on the stock. Loop Capital reduced their price objective on shares of 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. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Galvan Research cut their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, United Parcel Service presently has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Stock Down 1.0%

UPS stock traded down $1.03 during trading hours on Friday, reaching $99.89. 4,237,986 shares of the stock were exchanged, compared to its average volume of 5,176,046. The firm's 50-day moving average is $97.33 and its 200-day moving average is $113.08. The company has a market cap of $84.58 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company's revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.57%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

United Parcel Service Company 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.