Maj Invest Holding A S Sells 36,140 Shares of United Parcel Service, Inc. (NYSE:UPS)

Maj Invest Holding A S decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 713,607 shares of the transportation company's stock after selling 36,140 shares during the quarter. United Parcel Service makes up approximately 2.8% of Maj Invest Holding A S's holdings, making the stock its 19th largest holding. Maj Invest Holding A S owned about 0.08% of United Parcel Service worth $78,489,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of UPS. Vanguard Group Inc. lifted its stake in shares of United Parcel Service by 0.6% in 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 purchasing an additional 370,705 shares during the period. Geode Capital Management LLC grew its position in shares of United Parcel Service by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after purchasing an additional 414,710 shares during the period. Franklin Resources Inc. increased its position 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 worth $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. FMR LLC raised its holdings in shares of United Parcel Service by 2.5% during the fourth 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 during the period. Finally, Amundi lifted its position in United Parcel Service by 14.6% in the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after acquiring an additional 1,277,328 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Down 0.0%

NYSE UPS traded down $0.04 during trading hours on Wednesday, reaching $102.34. The company's stock had a trading volume of 4,509,653 shares, compared to its average volume of 6,035,597. The firm has a fifty day simple moving average of $99.02 and a 200-day simple moving average of $109.43. The stock has a market cap of $86.66 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.95 and a beta of 1.21. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (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 analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the business earned $1.43 EPS. Equities 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. Investors of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.41%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

UPS has been the subject of a number of recent research reports. Bank of America increased their price objective 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. Oppenheimer dropped their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Barclays lowered their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. 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 report on Thursday, July 3rd. Finally, BNP Paribas upgraded shares of United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus price target of $119.13.

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.