United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Norway Savings Bank

Norway Savings Bank increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,347 shares of the transportation company’s stock after acquiring an additional 65 shares during the quarter. Norway Savings Bank’s holdings in United Parcel Service were worth $1,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of United Parcel Service by 210.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,943,616 shares of the transportation company’s stock worth $2,878,723,000 after purchasing an additional 10,134,386 shares in the last quarter. Norges Bank acquired a new position in shares of United Parcel Service during the 4th quarter worth $1,255,623,000. Moneta Group Investment Advisors LLC raised its stake in shares of United Parcel Service by 105,818.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock worth $732,833,000 after buying an additional 4,211,580 shares during the last quarter. Morgan Stanley raised its stake in shares of United Parcel Service by 33.7% during the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after buying an additional 1,949,775 shares during the last quarter. Finally, Providence Capital Advisors LLC raised its stake in shares of United Parcel Service by 19,991.7% during the 1st quarter. Providence Capital Advisors LLC now owns 1,905,500 shares of the transportation company’s stock worth $9,822,000 after buying an additional 1,896,016 shares during the last quarter. 58.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Parcel Service news, insider Nando Cesarone sold 22,825 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $171.70, for a total value of $3,919,052.50. Following the sale, the insider now directly owns 1 shares of the company’s stock, valued at $171.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Bank of America cut their price target on United Parcel Service from $190.00 to $177.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. JPMorgan Chase & Co. lifted their price target on United Parcel Service from $181.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. Citigroup cut their price target on United Parcel Service from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, September 12th. Barclays boosted their target price on shares of United Parcel Service from $172.00 to $180.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Finally, Atlantic Securities initiated coverage on shares of United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating and a $162.00 target price for the company. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $187.30.

United Parcel Service Stock Performance

Shares of UPS stock traded down $0.24 on Friday, hitting $160.49. 4,382,293 shares of the stock traded hands, compared to its average volume of 3,152,315. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $137.13 billion, a PE ratio of 13.92, a PEG ratio of 1.69 and a beta of 1.09. United Parcel Service, Inc. has a 1-year low of $154.87 and a 1-year high of $197.80. The company’s fifty day moving average is $175.33 and its 200 day moving average is $178.30.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.05. The business 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%. The business’s revenue was down 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.29 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post 9.49 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.04%. The ex-dividend date was Friday, August 11th. United Parcel Service’s dividend payout ratio is presently 56.20%.

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