United Parcel Service, Inc. (NYSE:UPS) Shares Sold by US Bancorp DE

US Bancorp DE reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 752,826 shares of the transportation company’s stock after selling 26,173 shares during the quarter. US Bancorp DE owned 0.09% of United Parcel Service worth $102,641,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UPS. Natixis acquired a new position in United Parcel Service during the 1st quarter valued at about $121,000. Cohen Investment Advisors LLC raised its holdings in United Parcel Service by 26.4% during the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after purchasing an additional 3,835 shares in the last quarter. Financial Partners Group LLC lifted its position in United Parcel Service by 23.9% in the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after purchasing an additional 5,069 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in United Parcel Service by 12.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after buying an additional 6,502 shares in the last quarter. Finally, Nvwm LLC boosted its position in shares of United Parcel Service by 3.7% during the 1st quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock valued at $399,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.4 %

UPS traded up $0.47 during midday trading on Thursday, hitting $134.27. 624,722 shares of the company’s stock traded hands, compared to its average volume of 4,191,032. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. The company has a market cap of $115.01 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The stock’s fifty day simple moving average is $131.24 and its 200-day simple moving average is $135.72. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.41 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is 98.49%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UPS shares. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Monday. Evercore ISI upped their target price on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Citigroup started coverage on United Parcel Service in a research report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target for the company. Bank of America boosted their price objective on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Susquehanna lifted their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.71.

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.