US Bancorp DE Reduces Stake in United Parcel Service, Inc. (NYSE:UPS)

US Bancorp DE lowered its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 752,826 shares of the transportation company's stock after selling 26,173 shares during the period. US Bancorp DE owned approximately 0.09% of United Parcel Service worth $102,641,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Marshall Wace LLP raised its holdings in United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company's stock valued at $351,681,000 after buying an additional 1,901,914 shares during the period. Spirepoint Private Client LLC bought a new position in shares of United Parcel Service during the first quarter valued at approximately $160,787,000. Assenagon Asset Management S.A. grew its stake in United Parcel Service by 5,136.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company's stock worth $147,242,000 after acquiring an additional 1,059,339 shares in the last quarter. Finally, Interval Partners LP purchased a new stake in shares of United Parcel Service in the first quarter valued at approximately $90,099,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on UPS shares. Barclays reaffirmed an "underweight" rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Citigroup assumed coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They set a "buy" rating and a $162.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the company a "buy" rating in a report on Friday, October 25th. Bank of America increased their price objective on United Parcel Service from $132.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Robert W. Baird lowered their price target on United Parcel Service from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $151.71.

United Parcel Service Price Performance

NYSE UPS traded up $0.25 during trading hours on Thursday, hitting $134.05. The company had a trading volume of 3,302,676 shares, compared to its average volume of 4,203,723. The firm has a 50 day simple moving average of $131.24 and a 200 day simple moving average of $135.72. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The firm has a market capitalization of $114.82 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.03 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post 7.41 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.86%. United Parcel Service's payout ratio is 98.49%.

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.