United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Huntington National Bank

Huntington National Bank lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,946 shares of the transportation company's stock after selling 6,873 shares during the quarter. Huntington National Bank's holdings in United Parcel Service were worth $6,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TruNorth Capital Management LLC purchased a new position in United Parcel Service during the second quarter worth $28,000. Riverview Trust Co purchased a new stake in United Parcel Service in the 2nd quarter worth about $32,000. Centerpoint Advisors LLC raised its position in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company's stock worth $32,000 after purchasing an additional 175 shares during the period. Princeton Global Asset Management LLC lifted its stake in United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after purchasing an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company's stock valued at $34,000 after buying an additional 155 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 1.1 %

United Parcel Service stock traded up $1.46 during midday trading on Friday, reaching $134.10. The company's stock had a trading volume of 3,336,411 shares, compared to its average volume of 4,169,392. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $114.86 billion, a P/E ratio of 20.11, a PEG ratio of 2.19 and a beta of 0.99. The stock's 50-day simple moving average is $132.37 and its 200-day simple moving average is $134.86. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $22.10 billion. During the same period last year, the business earned $1.57 EPS. United Parcel Service's revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service's payout ratio is 98.49%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UPS. Argus raised United Parcel Service from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $140.00 to $139.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Robert W. Baird lowered their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Wednesday, July 24th. Finally, Susquehanna raised their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $151.52.

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.