Oslo Pensjonsforsikring AS Buys New Stake in United Parcel Service, Inc. $UPS

Oslo Pensjonsforsikring AS purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,993 shares of the transportation company’s stock, valued at approximately $491,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the period. Sivia Capital Partners LLC purchased a new position in United Parcel Service during the 2nd quarter worth approximately $277,000. SVB Wealth LLC acquired a new position in United Parcel Service during the second quarter worth approximately $848,000. Treasurer of the State of North Carolina increased its position in United Parcel Service by 2.7% during the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock worth $34,609,000 after buying an additional 9,124 shares during the period. Finally, Ieq Capital LLC lifted its stake in United Parcel Service by 154.5% in the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock valued at $10,580,000 after buying an additional 63,629 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UPS shares. Susquehanna raised their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Citizens Jmp started coverage on shares of United Parcel Service in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Stephens upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Citigroup raised their price objective on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Saturday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $111.50.

United Parcel Service Stock Up 2.8%

United Parcel Service stock opened at $116.32 on Wednesday. The stock has a 50 day moving average of $107.30 and a two-hundred day moving average of $106.36. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The stock has a market capitalization of $98.87 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.80 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

More United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: Sanford C. Bernstein raised its price target on UPS to $133 from $130 and reiterated an outperform rating, signaling upside confidence ahead of earnings.
• Positive Sentiment: Analysts expect UPS to have a chance to beat upcoming quarterly earnings expectations, supported by the right mix of improving per-package revenue and cost cuts.
• Positive Sentiment: Investor focus is centered on updated guidance, and any stronger-than-expected outlook could further support the shares after recent weakness.
• Neutral Sentiment: Market commentary notes UPS has been moving alongside broader transportation-sector earnings expectations, with traders watching for confirmation in the Q2 report. United Parcel Service Inc. Cl B stock underperforms Monday when compared to competitors
• Negative Sentiment: Recent articles also point to lower shipping volumes and pricing pressure from fuel surcharges and competition, including Amazon’s expanding delivery network, which could weigh on margins. Fuel surcharges wallop FedEx, UPS shippers as Amazon looms

United Parcel Service Profile

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.