United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co grew its holdings in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,000 shares of the transportation company’s stock after purchasing an additional 10,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in United Parcel Service were worth $17,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp boosted its stake in shares of United Parcel Service by 1.4% in the fourth quarter. State Street Corp now owns 29,613,438 shares of the transportation company’s stock valued at $6,347,344,000 after purchasing an additional 403,504 shares during the period. Geode Capital Management LLC grew its stake in shares of United Parcel Service by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 11,435,714 shares of the transportation company’s stock worth $2,443,951,000 after purchasing an additional 260,465 shares during the period. Northern Trust Corp lifted its holdings in United Parcel Service by 0.5% in the 4th quarter. Northern Trust Corp now owns 9,219,016 shares of the transportation company’s stock valued at $1,976,004,000 after purchasing an additional 46,899 shares in the last quarter. Invesco Ltd. lifted its holdings in United Parcel Service by 4.4% in the 4th quarter. Invesco Ltd. now owns 8,735,713 shares of the transportation company’s stock valued at $1,872,413,000 after purchasing an additional 370,258 shares in the last quarter. Finally, Capital International Investors lifted its holdings in United Parcel Service by 107.3% in the 4th quarter. Capital International Investors now owns 6,925,181 shares of the transportation company’s stock valued at $1,484,343,000 after purchasing an additional 3,584,871 shares in the last quarter. Hedge funds and other institutional investors own 57.85% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of recent research reports. Bank of America reduced their target price on shares of United Parcel Service from $204.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 27th. Citigroup dropped their price objective on shares of United Parcel Service from $240.00 to $210.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Barclays dropped their price objective on shares of United Parcel Service from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 27th. Oppenheimer dropped their price objective on shares of United Parcel Service from $249.00 to $217.00 in a research note on Wednesday, April 27th. Finally, Daiwa Capital Markets upped their price objective on shares of United Parcel Service to $207.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.82.

Insider Activity at United Parcel Service

In related news, CMO Kevin M. Warren sold 23,366 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $193.31, for a total value of $4,516,881.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other United Parcel Service news, CMO Kevin M. Warren sold 23,366 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $193.31, for a total transaction of $4,516,881.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kathleen M. Gutmann sold 21,307 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $204.51, for a total value of $4,357,494.57. Following the transaction, the insider now owns 102,591 shares in the company, valued at approximately $20,980,885.41. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

United Parcel Service Trading Up 0.1 %

Shares of UPS stock traded up $0.16 on Friday, reaching $208.21. 103,154 shares of the stock were exchanged, compared to its average volume of 2,417,079. The stock has a market cap of $180.87 billion, a PE ratio of 16.71, a P/E/G ratio of 1.80 and a beta of 1.08. United Parcel Service, Inc. has a one year low of $165.34 and a one year high of $233.72. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a 50 day moving average price of $186.59 and a 200 day moving average price of $194.37.

United Parcel Service (NYSE:UPSGet Rating) last released its earnings results on Tuesday, July 26th. The transportation company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.15. The company had revenue of $24.80 billion during the quarter, compared to the consensus estimate of $24.59 billion. United Parcel Service had a return on equity of 76.43% and a net margin of 10.92%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.06 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post 12.85 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be issued a $1.52 dividend. The ex-dividend date is Friday, August 12th. This represents a $6.08 dividend on an annualized basis and a yield of 2.92%. United Parcel Service’s dividend payout ratio is presently 48.84%.

United Parcel Service Profile

(Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Further Reading

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

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