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

Huntington National Bank cut its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent filing with the 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of UPS. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth $26,000. IFS Advisors LLC lifted its holdings in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at $30,000. Finally, Whipplewood Advisors LLC purchased a new position in United Parcel Service in the 4th quarter worth about $34,000. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on UPS. The Goldman Sachs Group decreased their target price on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a report on Friday, January 31st. Susquehanna decreased their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, April 1st. Stifel Nicolaus cut their target price on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research report on Friday, March 7th. They issued a "hold" rating and a $119.00 target price for the company. Finally, Wolfe Research raised 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. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, United Parcel Service presently has an average rating of "Moderate Buy" and a consensus price target of $133.18.

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United Parcel Service Stock Down 2.5 %

United Parcel Service stock traded down $2.50 during mid-day trading on Friday, hitting $97.62. 9,564,186 shares of the company's stock were exchanged, compared to its average volume of 4,720,954. United Parcel Service, Inc. has a 1-year low of $96.57 and a 1-year high of $153.42. The stock has a 50 day moving average of $115.82 and a two-hundred day moving average of $125.60. The stock has a market cap of $83.39 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 period in the prior year, the business posted $2.47 EPS. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio is currently 97.04%.

United Parcel Service 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.