Bank of Hawaii Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Bank of Hawaii decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,992 shares of the transportation company’s stock after selling 282 shares during the period. Bank of Hawaii’s holdings in United Parcel Service were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Blackston Financial Advisory Group LLC lifted its holdings in shares of United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after purchasing an additional 69 shares during the period. Cigna Investments Inc. New lifted its stake in United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after acquiring an additional 75 shares during the period. Gleason Group Inc. boosted its holdings in shares of United Parcel Service by 1.2% in the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after acquiring an additional 77 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its stake in shares of United Parcel Service by 0.5% in the second quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock worth $2,167,000 after acquiring an additional 79 shares during the period. Finally, Banco Santander S.A. raised its holdings in shares of United Parcel Service by 0.6% during the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on UPS. Bank of America increased their price target on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their price target on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Citigroup lowered their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Susquehanna raised their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus boosted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Up 2.0 %

Shares of NYSE:UPS opened at $137.53 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The stock has a market cap of $117.36 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The firm’s 50 day moving average price is $133.15 and its 200 day moving average price is $134.03.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 earnings per share. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

United Parcel Service Company 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.