Huntington National Bank Sells 3,481 Shares of United Parcel Service, Inc. (NYSE:UPS)

Huntington National Bank cut its position in United Parcel Service, Inc. (NYSE:UPS) by 7.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,465 shares of the transportation company’s stock after selling 3,481 shares during the quarter. Huntington National Bank’s holdings in United Parcel Service were worth $5,481,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of United Parcel Service during the fourth quarter worth approximately $1,075,393,000. Raymond James Financial Inc. bought a new position in United Parcel Service during the 4th quarter worth $393,680,000. Two Sigma Advisers LP increased its stake in United Parcel Service by 833.4% during the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after acquiring an additional 1,851,900 shares during the period. Franklin Resources Inc. raised its holdings in United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after acquiring an additional 1,378,136 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of analyst reports. Citigroup dropped their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus dropped their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Morgan Stanley decreased their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.83.

United Parcel Service Stock Up 0.8 %

Shares of NYSE:UPS opened at $110.16 on Thursday. The firm has a market cap of $94.10 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 12-month low of $107.52 and a 12-month high of $154.29. The business has a fifty day simple moving average of $117.20 and a 200 day simple moving average of $126.04. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business earned $2.47 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.95%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

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.