Danske Bank A S Has $53.64 Million Holdings in United Parcel Service, Inc. $UPS

Key Points

• Danske Bank A/S boosted its stake in United Parcel Service by 53.9% in Q4 to 540,815 shares, worth about $53.64 million (roughly 0.06% of UPS).
• UPS beat Q1 expectations with $1.07 EPS versus a $1.02 consensus and revenue of $21.20 billion (vs. $20.99B expected), though revenue was down 1.4% year‑over‑year and EPS declined from $1.49 a year earlier.
• Institutional investors own 60.26% of UPS; Wall Street’s consensus is a Hold with an average price target of $112.08, and the stock trades near a P/E of 17.4 and a market cap of about $91.4 billion.

Danske Bank A S boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 53.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 540,815 shares of the transportation company's stock after buying an additional 189,438 shares during the quarter. Danske Bank A S owned approximately 0.06% of United Parcel Service worth $53,643,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. EQ Wealth Advisors LLC acquired a new position in United Parcel Service during the fourth quarter worth approximately $126,000. GenTrust LLC acquired a new position in United Parcel Service during the fourth quarter worth approximately $266,000. Oppenheimer & Co. Inc. increased its position in United Parcel Service by 46.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 115,623 shares of the transportation company's stock worth $11,469,000 after buying an additional 36,545 shares during the last quarter. Sigma Planning Corp increased its position in United Parcel Service by 43.3% during the fourth quarter. Sigma Planning Corp now owns 26,781 shares of the transportation company's stock worth $2,657,000 after buying an additional 8,091 shares during the last quarter. Finally, Cullinan Associates Inc. increased its position in United Parcel Service by 9.4% during the fourth quarter. Cullinan Associates Inc. now owns 78,301 shares of the transportation company's stock worth $7,767,000 after buying an additional 6,751 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Down 1.1%

Shares of UPS stock opened at $107.60 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.22 and a debt-to-equity ratio of 1.50. The stock has a market cap of $91.36 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.12. The stock has a 50 day simple moving average of $103.46 and a 200 day simple moving average of $101.66. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 7.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BMO Capital Markets boosted their price target on United Parcel Service from $105.00 to $110.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 28th. Susquehanna upped their target price on United Parcel Service from $116.00 to $118.00 and gave the company a "neutral" rating in a research report on Wednesday. BNP Paribas Exane downgraded United Parcel Service from a "neutral" rating to an "underperform" rating and set a $85.00 target price on the stock. in a research report on Tuesday, January 13th. Truist Financial upped their target price on United Parcel Service from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings raised United Parcel Service from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $112.08.

United Parcel Service Company Profile

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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