Norway Savings Bank Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

Norway Savings Bank reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,622 shares of the transportation company’s stock after selling 655 shares during the quarter. Norway Savings Bank’s holdings in United Parcel Service were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. State Street Corp grew its stake in shares of United Parcel Service by 1.3% in the second quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock worth $5,082,594,000 after acquiring an additional 357,974 shares during the period. Charles Schwab Investment Management Inc. raised its stake in United Parcel Service by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after buying an additional 628,944 shares during the last quarter. Wellington Management Group LLP raised its stake in United Parcel Service by 31.7% during the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after buying an additional 2,331,875 shares during the last quarter. Northern Trust Corp boosted its stake in shares of United Parcel Service by 0.6% in the 1st quarter. Northern Trust Corp now owns 9,273,417 shares of the transportation company’s stock worth $1,988,777,000 after buying an additional 54,401 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of United Parcel Service by 23.2% in the second quarter. Franklin Resources Inc. now owns 7,740,369 shares of the transportation company’s stock worth $1,387,461,000 after acquiring an additional 1,457,070 shares during the period. 58.45% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

UPS opened at $156.27 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $133.24 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.78 and a beta of 1.05. The company has a fifty day moving average of $151.05 and a 200 day moving average of $152.59. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80.

United Parcel Service (NYSE:UPSGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The firm had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. During the same quarter last year, the business posted $3.62 earnings per share. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 8.29 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.17%. United Parcel Service’s payout ratio is 83.70%.

Insider Activity at United Parcel Service

In related news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent research reports. BMO Capital Markets lowered their target price on United Parcel Service from $165.00 to $160.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a research report on Thursday, December 21st. Stifel Nicolaus increased their price target on shares of United Parcel Service from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Daiwa Capital Markets cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target on the stock. in a research note on Tuesday, December 26th. Finally, Raymond James reduced their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. Sixteen equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $175.19.

Check Out Our Latest Research Report on UPS

About United Parcel Service

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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