E. Ohman J or Asset Management AB Sells 11,388 Shares of United Parcel Service, Inc. $UPS

E. Ohman J or Asset Management AB lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 36.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,126 shares of the transportation company’s stock after selling 11,388 shares during the period. E. Ohman J or Asset Management AB’s holdings in United Parcel Service were worth $1,996,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CFS Investment Advisory Services LLC increased its stake in United Parcel Service by 2.6% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock worth $372,000 after acquiring an additional 108 shares during the last quarter. Center for Financial Planning Inc. raised its holdings in shares of United Parcel Service by 4.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company’s stock valued at $214,000 after acquiring an additional 112 shares in the last quarter. Regal Investment Advisors LLC boosted its position in shares of United Parcel Service by 1.6% during the 3rd quarter. Regal Investment Advisors LLC now owns 7,129 shares of the transportation company’s stock valued at $596,000 after acquiring an additional 114 shares during the last quarter. Wealth Advisory Solutions LLC boosted its position in shares of United Parcel Service by 2.3% during the 3rd quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after acquiring an additional 118 shares during the last quarter. Finally, Winch Advisory Services LLC grew its holdings in shares of United Parcel Service by 37.3% during the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.6%

Shares of UPS opened at $98.30 on Wednesday. The stock has a market capitalization of $83.46 billion, a P/E ratio of 14.98, a PEG ratio of 1.54 and a beta of 1.08. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. The firm has a fifty day simple moving average of $108.81 and a two-hundred day simple moving average of $98.57.

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

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were paid a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.7%. United Parcel Service’s dividend payout ratio (DPR) is presently 100.00%.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UPS. Oppenheimer upped their price objective on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Citigroup decreased their price target on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Jefferies Financial Group raised their price objective on shares of United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Stifel Nicolaus lifted their price objective on shares of United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $113.67.

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.