PNC Financial Services Group Inc. Has $165.20 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

PNC Financial Services Group Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,211,655 shares of the transportation company's stock after selling 147,916 shares during the period. PNC Financial Services Group Inc. owned approximately 0.14% of United Parcel Service worth $165,197,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UPS. International Assets Investment Management LLC raised its holdings 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 worth $1,994,853,000 after purchasing an additional 14,539,321 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of United Parcel Service by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company's stock worth $888,254,000 after buying an additional 20,426 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of United Parcel Service by 10.5% in the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company's stock valued at $567,157,000 after buying an additional 393,434 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in United Parcel Service by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company's stock worth $611,445,000 after acquiring an additional 101,349 shares during the period. Finally, Capital World Investors raised its position in United Parcel Service by 9.6% in the first quarter. Capital World Investors now owns 3,011,299 shares of the transportation company's stock worth $447,569,000 after acquiring an additional 263,313 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $1.13 during midday trading on Wednesday, reaching $132.07. The company had a trading volume of 3,848,099 shares, compared to its average volume of 4,165,909. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a fifty day simple moving average of $132.77 and a 200 day simple moving average of $134.40. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a market capitalization of $112.70 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99.

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 (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the company earned $1.57 EPS. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.94%. United Parcel Service's payout ratio is 98.49%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UPS. UBS Group lifted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Susquehanna lifted their price target 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. The Goldman Sachs Group cut their price objective on United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Finally, Baird R W upgraded United Parcel Service to a "strong-buy" rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.