United Parcel Service, Inc. (NYSE:UPS) Stock Position Cut by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,611 shares of the transportation company’s stock after selling 1,800 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in United Parcel Service were worth $4,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC boosted its position in shares of United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after purchasing an additional 69 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in United Parcel Service by 0.9% during the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after buying an additional 73 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in shares of United Parcel Service by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after buying an additional 73 shares during the period. MV Capital Management Inc. increased its stake in shares of United Parcel Service by 8.6% in the 1st quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock valued at $144,000 after acquiring an additional 77 shares during the last quarter. Finally, Gleason Group Inc. boosted its stake in United Parcel Service by 1.2% during the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after acquiring an additional 77 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Up 5.3 %

Shares of UPS stock opened at $138.35 on Friday. The stock has a market cap of $118.51 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $130.54 and a 200 day simple moving average of $136.15. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.11. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the business earned $1.57 earnings per share. United Parcel Service’s revenue was up 5.4% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UPS. The Goldman Sachs Group dropped their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI upped their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday. BMO Capital Markets dropped their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, Oppenheimer reduced their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.05.

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.