Swedbank AB Has $32.67 Million Stock Position in United Parcel Service, Inc. $UPS

Key Points

• Swedbank AB increased its stake in United Parcel Service (UPS) by 6.1% during the second quarter, acquiring an additional 18,604 shares to reach a total of 323,681 shares worth approximately $32.67 million.
• Insider trading activity saw both Director William R. Johnson and CEO Carol B. Tome significantly increase their holdings in UPS, with purchases showing increases of 96.90% and 89.61% in their ownership, respectively.
• UPS reported a missed earnings estimate of $1.55 per share compared to the consensus of $1.56, despite generating $21.20 billion in revenue, which was above expectations of $20.90 billion.

Swedbank AB grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 323,681 shares of the transportation company's stock after buying an additional 18,604 shares during the quarter. Swedbank AB's holdings in United Parcel Service were worth $32,672,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Goldman Sachs Group Inc. raised its position in shares of United Parcel Service by 124.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after acquiring an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of United Parcel Service by 1,056.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock worth $476,936,000 after acquiring an additional 3,961,255 shares in the last quarter. Nuveen LLC acquired a new stake in shares of United Parcel Service during the 1st quarter worth about $201,358,000. Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock worth $2,754,751,000 after acquiring an additional 1,780,807 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in United Parcel Service by 582.0% during the first quarter. AQR Capital Management LLC now owns 1,180,709 shares of the transportation company's stock worth $128,886,000 after buying an additional 1,007,585 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

Insiders Place Their Bets

In other news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christiana Smith Shi purchased 500 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 in the last quarter. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on UPS shares. Bank of America reaffirmed an "underperform" rating and issued a $83.00 target price (down from $91.00) on shares of United Parcel Service in a report on Thursday, September 11th. Wells Fargo & Company cut their target price on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 30th. Susquehanna cut their target price on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a report on Thursday, July 3rd. Finally, Vertical Research reaffirmed a "hold" rating and issued a $103.00 target price on shares of United Parcel Service in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $111.44.

United Parcel Service Trading Down 1.1%

NYSE:UPS traded down $0.91 on Friday, hitting $84.14. 18,090,067 shares of the stock were exchanged, compared to its average volume of 7,575,006. The stock has a market cap of $71.31 billion, a PE ratio of 12.52, a PEG ratio of 1.55 and a beta of 1.08. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a fifty day moving average of $89.48 and a 200-day moving average of $97.66. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01.

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

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

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.