ING Groep NV Acquires 35,116 Shares of United Parcel Service, Inc. (NYSE:UPS)

ING Groep NV lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 55.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,976 shares of the transportation company’s stock after buying an additional 35,116 shares during the period. ING Groep NV’s holdings in United Parcel Service were worth $13,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth $28,000. Riverview Trust Co bought a new stake in United Parcel Service during the second quarter worth about $32,000. Centerpoint Advisors LLC grew its stake in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares during the period. Finally, PSI Advisors LLC raised its position in shares of United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.8 %

NYSE:UPS opened at $132.64 on Friday. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The firm’s fifty day moving average is $132.27 and its 200-day moving average is $134.88. The firm has a market cap of $113.62 billion, a P/E ratio of 20.04, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the company posted $1.57 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.92%. United Parcel Service’s payout ratio is presently 98.49%.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets lowered their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $151.52.

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.