Norway Savings Bank Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Norway Savings Bank boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,347 shares of the transportation company’s stock after buying an additional 65 shares during the quarter. Norway Savings Bank’s holdings in United Parcel Service were worth $1,855,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Symmetry Partners LLC boosted its stake in shares of United Parcel Service by 16.1% during the second quarter. Symmetry Partners LLC now owns 8,947 shares of the transportation company’s stock valued at $1,604,000 after purchasing an additional 1,244 shares during the period. Journey Advisory Group LLC boosted its stake in shares of United Parcel Service by 7.8% during the first quarter. Journey Advisory Group LLC now owns 1,990 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 144 shares during the period. GPS Wealth Strategies Group LLC purchased a new stake in shares of United Parcel Service during the first quarter valued at $666,000. DnB Asset Management AS boosted its stake in shares of United Parcel Service by 0.6% during the first quarter. DnB Asset Management AS now owns 173,857 shares of the transportation company’s stock valued at $33,727,000 after purchasing an additional 1,024 shares during the period. Finally, ARK Investment Management LLC raised its holdings in shares of United Parcel Service by 2.3% in the first quarter. ARK Investment Management LLC now owns 12,634 shares of the transportation company’s stock valued at $2,451,000 after acquiring an additional 289 shares in the last quarter. 58.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In other news, insider Nando Cesarone sold 22,825 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $171.70, for a total transaction of $3,919,052.50. Following the sale, the insider now owns 1 shares of the company’s stock, valued at approximately $171.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price objective on United Parcel Service to $203.00 in a report on Wednesday, July 26th. Barclays lifted their price objective on United Parcel Service from $172.00 to $180.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Atlantic Securities assumed coverage on United Parcel Service in a report on Tuesday, June 6th. They issued a “neutral” rating and a $162.00 price objective for the company. Oppenheimer lifted their price objective on United Parcel Service from $188.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, JPMorgan Chase & Co. lifted their price objective on United Parcel Service from $181.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $187.30.

United Parcel Service Stock Performance

NYSE UPS traded down $0.24 during trading hours on Friday, reaching $160.49. The stock had a trading volume of 4,382,293 shares, compared to its average volume of 3,152,315. The stock has a fifty day moving average of $175.33 and a 200 day moving average of $178.30. The stock has a market cap of $137.13 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. United Parcel Service, Inc. has a 52-week low of $154.87 and a 52-week high of $197.80. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, August 8th. The transportation company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $23.04 billion. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. United Parcel Service’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.29 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 9.49 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 14th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.04%. United Parcel Service’s payout ratio is 56.20%.

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.