Nordea Investment Management AB Sells 483,843 Shares of United Parcel Service, Inc. (NYSE:UPS)

Nordea Investment Management AB lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 92.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,239 shares of the transportation company’s stock after selling 483,843 shares during the period. Nordea Investment Management AB’s holdings in United Parcel Service were worth $4,450,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of United Parcel Service by 0.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after acquiring an additional 5 shares during the period. Founders Capital Management increased its stake in shares of United Parcel Service by 0.3% during the second quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after acquiring an additional 15 shares during the period. Bollard Group LLC boosted its holdings in United Parcel Service by 0.8% during the second quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after buying an additional 17 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in United Parcel Service by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after buying an additional 18 shares in the last quarter. Finally, Conservest Capital Advisors Inc. boosted its holdings in United Parcel Service by 0.8% during the second quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock worth $322,000 after buying an additional 23 shares in the last quarter. 53.67% of the stock is owned by institutional investors.

UPS has been the topic of several recent research reports. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Friday, October 6th. Goldman Sachs Group initiated coverage on shares of United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective for the company. Robert W. Baird reissued a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a research report on Friday, August 25th. Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Finally, J P Morgan Chase & Co increased their price objective on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $121.45.

Shares of United Parcel Service, Inc. (UPS) traded up $3.41 on Monday, hitting $123.72. 4,535,037 shares of the company’s stock traded hands, compared to its average volume of 2,712,831. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $106,610.00, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.16 and a beta of 0.92. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $125.16.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $1.44 earnings per share. sell-side analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s payout ratio is presently 81.57%.

WARNING: “Nordea Investment Management AB Sells 483,843 Shares of United Parcel Service, Inc. (NYSE:UPS)” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/04/nordea-investment-management-ab-sells-483843-shares-of-united-parcel-service-inc-ups.html.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply