Bank of Hawaii Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Bank of Hawaii decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,992 shares of the transportation company’s stock after selling 282 shares during the quarter. Bank of Hawaii’s holdings in United Parcel Service were worth $681,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at $28,000. Riverview Trust Co acquired a new position in shares of United Parcel Service during the second quarter worth about $32,000. Centerpoint Advisors LLC boosted its position in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the period. Tortoise Investment Management LLC grew its stake in shares of United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares in the last quarter. Finally, PSI Advisors LLC raised its holdings in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UPS. Susquehanna lifted their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. Evercore ISI boosted their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Performance

UPS stock opened at $137.53 on Tuesday. The firm has a 50 day moving average of $133.15 and a two-hundred day moving average of $134.03. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a market capitalization of $117.36 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS 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 for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

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