KLP Kapitalforvaltning AS Has $26.58 Million Holdings in United Parcel Service, Inc. $UPS

Key Points

• KLP Kapitalforvaltning AS increased its holdings in United Parcel Service, Inc. by 5.3%, owning a total of 263,293 shares valued at approximately $26.58 million.
• In its latest earnings report, UPS reported $1.55 EPS, missing estimates by $0.01, and showed a 2.7% decline in revenue year-over-year.
• United Parcel Service announced a quarterly dividend of $1.64 per share, with a dividend yield of 7.6% and a payout ratio of 97.62%.

KLP Kapitalforvaltning AS raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,293 shares of the transportation company's stock after buying an additional 13,200 shares during the quarter. KLP Kapitalforvaltning AS's holdings in United Parcel Service were worth $26,577,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Graybill Wealth Management LTD. acquired a new position in shares of United Parcel Service during the first quarter worth approximately $26,000. Citizens National Bank Trust Department lifted its holdings in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after buying an additional 210 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after buying an additional 115 shares during the last quarter. Saudi Central Bank acquired a new position in shares of United Parcel Service during the first quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of United Parcel Service during the first quarter worth approximately $33,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

United Parcel Service stock opened at $86.01 on Wednesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a fifty day moving average price of $85.81 and a two-hundred day moving average price of $94.91. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The firm has a market capitalization of $72.90 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.60 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the prior year, the company earned $1.79 earnings per share. The business's revenue was down 2.7% compared to the same quarter last year. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service's dividend payout ratio is presently 97.62%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UPS shares. Deutsche Bank Aktiengesellschaft cut their target price on United Parcel Service from $100.00 to $88.00 and set a "hold" rating for the company in a research note on Thursday, October 2nd. Wall Street Zen lowered United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday, September 20th. Weiss Ratings restated a "sell (d+)" rating on shares of United Parcel Service in a research note on Saturday, September 27th. Truist Financial cut their target price on United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus cut their target price on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and a consensus price target of $110.16.

Insider Transactions at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William R. Johnson bought 5,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director directly owned 10,160 shares of the company's stock, valued at approximately $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 17,182 shares of company stock worth $1,477,382. Insiders own 0.13% of the company's stock.

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.

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