American National Bank Purchases 1,000 Shares of United Parcel Service, Inc. (NYSE:UPS)

American National Bank boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 44.5% during the second quarter, HoldingsChannel reports. The fund owned 3,245 shares of the transportation company’s stock after buying an additional 1,000 shares during the quarter. American National Bank’s holdings in United Parcel Service were worth $582,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Symmetry Partners LLC raised its holdings in United Parcel Service by 16.1% during the 2nd quarter. Symmetry Partners LLC now owns 8,947 shares of the transportation company’s stock valued at $1,604,000 after acquiring an additional 1,244 shares during the period. Journey Advisory Group LLC boosted its stake in United Parcel Service by 7.8% in the 1st quarter. Journey Advisory Group LLC now owns 1,990 shares of the transportation company’s stock worth $386,000 after purchasing an additional 144 shares during the period. GPS Wealth Strategies Group LLC purchased a new position in United Parcel Service during the 1st quarter valued at about $666,000. DnB Asset Management AS lifted its holdings in shares of United Parcel Service by 0.6% in the first quarter. DnB Asset Management AS now owns 173,857 shares of the transportation company’s stock worth $33,727,000 after buying an additional 1,024 shares in the last quarter. Finally, ARK Investment Management LLC boosted its position 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 during the period. Institutional investors own 58.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on UPS shares. Oppenheimer decreased their target price on shares of United Parcel Service from $195.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday. Atlantic Securities began coverage on United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating and a $162.00 price objective on the stock. Bank of America reduced their target price on United Parcel Service from $190.00 to $177.00 and set a “neutral” rating for the company in a research report on Tuesday, September 12th. Stephens reaffirmed an “equal weight” rating and issued a $195.00 price target on shares of United Parcel Service in a report on Tuesday, September 12th. Finally, BMO Capital Markets boosted their price objective on United Parcel Service from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $186.89.

United Parcel Service Stock Down 1.3 %

Shares of NYSE:UPS opened at $158.44 on Tuesday. The stock’s 50-day moving average is $175.33 and its 200 day moving average is $178.27. The company has a market cap of $135.38 billion, a PE ratio of 13.74, a P/E/G ratio of 1.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a 1 year low of $154.87 and a 1 year high of $197.80.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. United Parcel Service had a net margin of 10.41% and a return on equity of 51.28%. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $23.04 billion. During the same period in the previous year, the firm earned $3.29 EPS. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. Sell-side analysts anticipate that United Parcel Service, Inc. will post 9.46 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were issued a $1.62 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $6.48 dividend on an annualized basis and a yield of 4.09%. United Parcel Service’s dividend payout ratio (DPR) is 56.20%.

Insider Buying and Selling at United Parcel Service

In related news, insider Nando Cesarone sold 22,825 shares of the business’s stock in a transaction dated 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 $171.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

About United Parcel Service

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.