APG Asset Management N.V. Cuts Stock Position in United Parcel Service, Inc. $UPS

APG Asset Management N.V. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 54.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,212 shares of the transportation company’s stock after selling 36,800 shares during the period. APG Asset Management N.V.’s holdings in United Parcel Service were worth $2,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evelyn Partners Investment Management Europe Ltd boosted its stake in United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares during the last quarter. Salzhauer Michael purchased a new position in shares of United Parcel Service in the third quarter worth about $31,000. Physician Wealth Advisors Inc. boosted its position in United Parcel Service by 76.5% during the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after acquiring an additional 163 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in United Parcel Service during the 2nd quarter valued at about $34,000. Finally, Avion Wealth grew its stake in United Parcel Service by 284.1% during the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $113.08 on Wednesday. The company has a market capitalization of $96.02 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a 50-day simple moving average of $109.78 and a 200-day simple moving average of $97.22. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $123.70.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The business had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.75 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 5.8%. United Parcel Service’s dividend payout ratio (DPR) is presently 100.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on UPS shares. Deutsche Bank Aktiengesellschaft increased their price target on United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Stifel Nicolaus boosted their price target on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. UBS Group upped their price objective on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, BMO Capital Markets lifted their target price on shares of United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $113.67.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.