United Parcel Service, Inc. $UPS Stock Position Lifted by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its holdings in United Parcel Service, Inc. by 17.2%, acquiring an additional 529,357 shares, bringing their total ownership to 3,598,284 shares.
• United Parcel Service reported a decrease in EPS to $1.55 for the last quarter, slightly missing consensus estimates, while revenue was down 2.7% year-over-year but exceeded expectations.
• The company announced a quarterly dividend of $1.64 per share, representing a dividend yield of 7.7%, with a payout ratio of 97.62%.

Nordea Investment Management AB lifted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 17.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,598,284 shares of the transportation company's stock after purchasing an additional 529,357 shares during the quarter. Nordea Investment Management AB owned 0.42% of United Parcel Service worth $362,491,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of UPS. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service in the first quarter worth $26,000. Citizens National Bank Trust Department grew its stake in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Hemington Wealth Management grew its stake in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank bought a new position in shares of United Parcel Service in the first quarter worth $32,000. Finally, Flaharty Asset Management LLC bought a new position in shares of United Parcel Service in the first quarter worth $33,000. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen cut United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday, September 20th. Galvan Research decreased their target price on United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Vertical Research reaffirmed a "hold" rating and set a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. Evercore ISI decreased their target price on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. decreased their target price on United Parcel Service from $96.00 to $85.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. 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 four have issued a Sell rating to the stock. According to MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and an average target price of $109.31.

United Parcel Service Trading Up 1.9%

Shares of NYSE UPS opened at $85.66 on Friday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The company has a market cap of $72.60 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.56 and a beta of 1.10. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $85.59 and a 200-day simple moving average of $93.73.

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

United Parcel Service Announces Dividend

The business 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 7.7%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's dividend payout ratio is currently 97.62%.

Insider Activity

In related news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock valued at $1,477,382 over the last three months. 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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