United Parcel Service, Inc. $UPS Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,491 shares of the transportation company’s stock after selling 5,751 shares during the period. Keybank National Association OH’s holdings in United Parcel Service were worth $14,018,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of United Parcel Service in the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at about $25,000. Coston McIsaac & Partners increased its holdings in United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. Torren Management LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $110.71 on Friday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company’s 50 day simple moving average is $104.91 and its 200 day simple moving average is $105.25. The company has a market capitalization of $94.11 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.76 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. United Parcel Service’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.9%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio is presently 106.15%.

Analysts Set New Price Targets

Several analysts have issued reports on UPS shares. Citigroup upped their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Susquehanna lifted their price objective on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Evercore reduced their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Finally, UBS Group dropped their price target on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $110.85.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.