Keybank National Association OH trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 284,204 shares of the transportation company’s stock after selling 14,621 shares during the quarter. Keybank National Association OH’s holdings in United Parcel Service were worth $33,181,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC raised its position in shares of United Parcel Service by 118.8% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 600 shares during the last quarter. Advisors Preferred LLC raised its position in United Parcel Service by 845.8% during the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after buying an additional 1,015 shares during the last quarter. Psagot Investment House Ltd. purchased a new position in United Parcel Service during the 3rd quarter worth approximately $121,000. Country Trust Bank raised its position in United Parcel Service by 78.4% during the 2nd quarter. Country Trust Bank now owns 1,215 shares of the transportation company’s stock worth $129,000 after buying an additional 534 shares during the last quarter. Finally, ELM Advisors LLC purchased a new position in United Parcel Service during the 3rd quarter worth approximately $140,000. 53.58% of the stock is owned by institutional investors and hedge funds.

In other news, insider George Willis sold 4,312 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total transaction of $523,218.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is owned by company insiders.

UPS has been the subject of a number of recent research reports. Goldman Sachs Group set a $150.00 price target on shares of United Parcel Service and gave the stock a “buy” rating in a research report on Monday, September 10th. Citigroup lowered shares of United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd. Bank of America lowered shares of United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 price target for the company in a research report on Monday, October 1st. Finally, Morgan Stanley raised their price target on shares of United Parcel Service from $90.00 to $92.00 and gave the stock an “underweight” rating in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and an average price target of $125.66.

Shares of NYSE UPS opened at $110.09 on Monday. The company has a market cap of $94.59 billion, a PE ratio of 18.32, a PEG ratio of 1.65 and a beta of 1.14. United Parcel Service, Inc. has a 12 month low of $101.45 and a 12 month high of $135.53. The company has a debt-to-equity ratio of 6.43, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, hitting analysts’ consensus estimates of $1.82. The business had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $1.45 EPS. As a group, analysts forecast that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, November 16th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.31%. United Parcel Service’s payout ratio is 60.57%.

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United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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