United Parcel Service, Inc. (NYSE:UPS) Position Increased by Central Bank & Trust Co.

Central Bank & Trust Co. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 34.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,662 shares of the transportation company’s stock after acquiring an additional 1,437 shares during the period. Central Bank & Trust Co.’s holdings in United Parcel Service were worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. United Advisor Group LLC lifted its position in United Parcel Service by 2.4% in the 3rd quarter. United Advisor Group LLC now owns 61,702 shares of the transportation company’s stock valued at $8,412,000 after purchasing an additional 1,431 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of United Parcel Service in the 3rd quarter worth approximately $148,000. Impax Asset Management Group plc raised its holdings in shares of United Parcel Service by 22.4% in the 3rd quarter. Impax Asset Management Group plc now owns 335,306 shares of the transportation company’s stock worth $45,716,000 after purchasing an additional 61,360 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in United Parcel Service by 24.2% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,216 shares of the transportation company’s stock valued at $164,000 after purchasing an additional 237 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. boosted its holdings in United Parcel Service by 7.1% during the third quarter. Quintet Private Bank Europe S.A. now owns 17,264 shares of the transportation company’s stock worth $2,354,000 after buying an additional 1,149 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.8 %

Shares of United Parcel Service stock opened at $133.00 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $131.58 and a two-hundred day moving average price of $135.46. The stock has a market capitalization of $113.93 billion, a P/E ratio of 20.09, a PEG ratio of 2.21 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.90%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on UPS shares. The Goldman Sachs Group reduced their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Stephens dropped their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Evercore ISI upped their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Robert W. Baird decreased their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. reduced their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.71.

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.