United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,093 shares of the transportation company's stock after purchasing an additional 7,200 shares during the quarter. KLP Kapitalforvaltning AS's holdings in United Parcel Service were worth $27,508,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after acquiring an additional 414,710 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. FMR LLC boosted its position 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 worth $1,373,964,000 after acquiring an additional 268,278 shares in the last quarter. Norges Bank acquired a new position in shares of United Parcel Service during the 4th quarter worth about $1,075,393,000. Finally, Northern Trust Corp boosted its position in shares of United Parcel Service by 9.6% during the 4th quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company's stock worth $932,081,000 after acquiring an additional 648,539 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UPS shares. BNP Paribas Exane raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective for the company in a research report on Thursday, July 3rd. Truist Financial decreased their target price on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Citigroup upped their target price on United Parcel Service from $122.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Barclays decreased their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Finally, Raymond James Financial decreased their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $118.22.

United Parcel Service Price Performance

United Parcel Service stock traded up $1.22 during mid-day trading on Friday, hitting $103.75. 3,688,194 shares of the company were exchanged, compared to its average volume of 5,896,276. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The business's 50 day simple moving average is $99.96 and its two-hundred day simple moving average is $107.51. The company has a market capitalization of $87.86 billion, a P/E ratio of 15.14, a PEG ratio of 1.99 and a beta of 1.21. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. Analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

United Parcel Service 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.