US Bancorp DE Sells 26,173 Shares of United Parcel Service, Inc. (NYSE:UPS)

US Bancorp DE decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 752,826 shares of the transportation company’s stock after selling 26,173 shares during the period. US Bancorp DE’s holdings in United Parcel Service were worth $102,641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC grew its position in United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares during the last quarter. Marshall Wace LLP grew its position in United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after buying an additional 1,901,914 shares in the last quarter. Spirepoint Private Client LLC bought a new position in United Parcel Service during the first quarter valued at about $160,787,000. Assenagon Asset Management S.A. raised its holdings in United Parcel Service by 5,136.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after acquiring an additional 1,059,339 shares in the last quarter. Finally, Interval Partners LP bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $90,099,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UPS. Susquehanna boosted their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Monday. The Goldman Sachs Group decreased their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI increased their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Finally, Stephens cut their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Price Performance

Shares of NYSE UPS traded up $0.47 during trading on Thursday, reaching $134.27. The company had a trading volume of 624,722 shares, compared to its average volume of 4,191,032. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. The business’s 50 day moving average price is $131.24 and its 200-day moving average price is $135.72. The stock has a market cap of $115.01 billion, a PE ratio of 20.34, a PEG ratio of 2.03 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the company posted $1.57 EPS. United Parcel Service’s revenue was up 5.4% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post 7.41 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.86%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is 98.49%.

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