United Parcel Service, Inc. (NYSE:UPS) Shares Sold by AMG National Trust Bank

AMG National Trust Bank reduced its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 29.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,147 shares of the transportation company’s stock after selling 3,824 shares during the quarter. AMG National Trust Bank’s holdings in United Parcel Service were worth $1,438,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of United Parcel Service by 4.1% in the third 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 in the last quarter. International Assets Investment Management LLC raised its position in shares of United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Wellington Management Group LLP boosted its position in shares of United Parcel Service by 31.7% in 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 purchasing an additional 2,331,875 shares during the period. Northern Trust Corp increased its stake in United Parcel Service by 0.4% in the 3rd quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock worth $1,311,177,000 after purchasing an additional 31,533 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in United Parcel Service by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after buying an additional 200,297 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.3 %

Shares of NYSE:UPS traded down $0.42 on Friday, reaching $149.24. The company had a trading volume of 1,956,712 shares, compared to its average volume of 3,278,112. The stock has a market capitalization of $127.68 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.71 and a beta of 1.05. The stock has a 50-day moving average price of $149.04 and a 200 day moving average price of $150.81. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPSGet Free Report) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same period in the previous year, the company earned $2.20 EPS. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be paid a $1.63 dividend. The ex-dividend date is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.37%. United Parcel Service’s payout ratio is presently 94.49%.

Analysts Set New Price Targets

Several research firms have recently weighed in on UPS. Susquehanna lifted their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Evercore ISI reissued an “in-line” rating and set a $154.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Morgan Stanley raised their target price on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, Argus lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $165.23.

Read Our Latest Report on UPS

United Parcel Service Company Profile

(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.

See Also

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

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