United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,311 shares of the transportation company's stock after selling 9,870 shares during the period. Handelsbanken Fonder AB's holdings in United Parcel Service were worth $32,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of United Parcel Service by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after acquiring an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC increased its stake in United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after acquiring an additional 414,710 shares during the last quarter. Franklin Resources Inc. lifted its stake in 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 worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of United Parcel Service by 2.5% during the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after buying an additional 268,278 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $0.74 during trading hours on Thursday, reaching $100.42. The company's stock had a trading volume of 1,206,477 shares, compared to its average volume of 5,164,860. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a 50 day moving average price of $97.22 and a 200-day moving average price of $113.33. The stock has a market cap of $85.04 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.55 and a beta of 1.22.

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 for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business's revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.53%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America lifted their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Citigroup lowered their price objective on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Loop Capital cut their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. BMO Capital Markets decreased their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research note on Friday, March 7th. They issued a "hold" rating and a $119.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $120.26.

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.