NBT Bank N A NY cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.3% in the 3rd quarter, Holdings Channel reports. The firm owned 6,741 shares of the transportation company’s stock after selling 775 shares during the period. NBT Bank N A NY’s holdings in United Parcel Service were worth $787,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in UPS. Parnassus Investments CA increased its stake in United Parcel Service by 0.8% in the 2nd quarter. Parnassus Investments CA now owns 6,839,746 shares of the transportation company’s stock valued at $726,586,000 after buying an additional 56,443 shares during the period. Schwab Charles Investment Management Inc. increased its stake in United Parcel Service by 2.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,309,401 shares of the transportation company’s stock valued at $457,788,000 after buying an additional 121,264 shares during the period. Vulcan Value Partners LLC acquired a new position in United Parcel Service in the 2nd quarter valued at approximately $308,056,000. FineMark National Bank & Trust increased its stake in United Parcel Service by 6.2% in the 2nd quarter. FineMark National Bank & Trust now owns 2,840,715 shares of the transportation company’s stock valued at $301,769,000 after buying an additional 165,571 shares during the period. Finally, Janus Henderson Group PLC increased its stake in United Parcel Service by 1.9% in the 3rd quarter. Janus Henderson Group PLC now owns 2,372,438 shares of the transportation company’s stock valued at $276,983,000 after buying an additional 44,222 shares during the period. 53.74% of the stock is owned by institutional investors and hedge funds.

Shares of UPS opened at $111.29 on Tuesday. United Parcel Service, Inc. has a 12 month low of $101.45 and a 12 month high of $135.53. The firm has a market cap of $94.59 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.43.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.82. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The company had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.48 billion. During the same quarter in the prior year, the business posted $1.45 EPS. United Parcel Service’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.

The firm also recently declared 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 annualized dividend and a dividend yield of 3.27%. United Parcel Service’s dividend payout ratio (DPR) is 60.57%.

UPS has been the topic of several research reports. UBS Group dropped their price objective on shares of United Parcel Service from $137.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. BMO Capital Markets upped their price objective on shares of United Parcel Service to $128.00 and gave the company a “market perform” rating in a research note on Thursday, July 26th. Citigroup dropped their price objective on shares of United Parcel Service from $134.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. Raymond James dropped their price objective on shares of United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 25th. Finally, Cowen reiterated a “hold” rating and issued a $128.00 price objective on shares of United Parcel Service in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $125.66.

In related news, insider George Willis sold 4,312 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total transaction of $523,218.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “NBT Bank N A NY Sells 775 Shares of United Parcel Service, Inc. (UPS)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2018/11/20/nbt-bank-n-a-ny-sells-775-shares-of-united-parcel-service-inc-ups.html.

United Parcel Service 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.

Further Reading: Return on Equity (ROE)

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.