ING Groep NV Has $13.36 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

ING Groep NV lifted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 55.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,976 shares of the transportation company's stock after acquiring an additional 35,116 shares during the period. ING Groep NV's holdings in United Parcel Service were worth $13,358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. TruNorth Capital Management LLC purchased a new position in United Parcel Service in the second quarter valued at about $28,000. Riverview Trust Co bought a new position in shares of United Parcel Service in the 2nd quarter worth about $32,000. Centerpoint Advisors LLC raised its stake in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company's stock worth $32,000 after acquiring an additional 175 shares during the period. Tortoise Investment Management LLC boosted its stake in United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company's stock valued at $34,000 after acquiring an additional 155 shares during the period. Finally, PSI Advisors LLC lifted its holdings in shares of United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Up 1.1 %

Shares of UPS traded up $1.46 during mid-day trading on Friday, hitting $134.10. 3,336,411 shares of the company's stock were exchanged, compared to its average volume of 4,169,392. The stock has a market cap of $114.86 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.19 and a beta of 0.99. The firm has a fifty day moving average of $132.37 and a two-hundred day moving average of $134.86. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82.

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

United Parcel Service Announces Dividend

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 issued a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.86%. United Parcel Service's dividend payout ratio (DPR) is presently 98.49%.

Analysts Set New Price Targets

UPS has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price objective on United Parcel Service from $151.00 to $156.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Stephens reduced their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an "equal weight" rating for the company in a report on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a "strong-buy" rating in a research note on Wednesday, July 24th. Barclays reiterated an "underweight" rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Finally, Susquehanna boosted their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $151.52.

About United Parcel Service

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.