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

Nordea Investment Management AB reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 92.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UPS. V Wealth Management LLC acquired a new position in shares of United Parcel Service during the second quarter worth about $102,000. First PREMIER Bank boosted its position in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares during the period. Ullmann Financial Group Inc. acquired a new position in shares of United Parcel Service during the first quarter worth about $126,000. Winslow Evans & Crocker Inc. boosted its position in shares of United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after buying an additional 899 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of United Parcel Service by 14.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after buying an additional 153 shares during the period. 53.07% of the stock is owned by institutional investors.

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In other news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.59% of the company’s stock.

UPS has been the subject of several recent research reports. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research report on Friday, October 6th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on United Parcel Service in a research report on Monday, November 13th. They set a “buy” rating and a $148.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $120.74.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $112.94 on Friday. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $121.75. The stock has a market capitalization of $97,323.79, a P/E ratio of 18.89, a PEG ratio of 2.03 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a $0.83 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.94%. United Parcel Service’s payout ratio is 81.37%.

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.

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

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