Achmea Investment Management B.V. Has $11.93 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Achmea Investment Management B.V. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 87,199 shares of the transportation company’s stock after purchasing an additional 2,006 shares during the quarter. Achmea Investment Management B.V.’s holdings in United Parcel Service were worth $11,933,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Y.D. More Investments Ltd grew its holdings in shares of United Parcel Service by 130.2% during the second quarter. Y.D. More Investments Ltd now owns 1,013 shares of the transportation company’s stock worth $139,000 after purchasing an additional 573 shares during the last quarter. Qsemble Capital Management LP grew its holdings in United Parcel Service by 249.8% during the 2nd quarter. Qsemble Capital Management LP now owns 34,037 shares of the transportation company’s stock worth $4,658,000 after acquiring an additional 24,306 shares during the last quarter. American Century Companies Inc. increased its position in United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after acquiring an additional 393,434 shares in the last quarter. Wellington Shields & Co. LLC raised its stake in shares of United Parcel Service by 27.9% in the second quarter. Wellington Shields & Co. LLC now owns 4,125 shares of the transportation company’s stock worth $565,000 after acquiring an additional 900 shares during the last quarter. Finally, Marco Investment Management LLC lifted its position in shares of United Parcel Service by 0.8% during the second quarter. Marco Investment Management LLC now owns 109,832 shares of the transportation company’s stock worth $15,031,000 after purchasing an additional 858 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Barclays dropped their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. TD Cowen started coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Wells Fargo & Company cut their target price on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Finally, Oppenheimer lowered their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $149.68.

United Parcel Service Stock Down 0.1 %

Shares of UPS stock opened at $128.42 on Friday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a fifty day moving average of $131.06 and a 200-day moving average of $140.13. The company has a market capitalization of $110.00 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 1.89 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the company posted $2.54 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.