United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Synovus Financial Corp

Synovus Financial Corp lifted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,531 shares of the transportation company's stock after purchasing an additional 6,941 shares during the quarter. Synovus Financial Corp's holdings in United Parcel Service were worth $11,934,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp raised its stake in shares of United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after acquiring an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in United Parcel Service by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares during the last quarter. Geode Capital Management LLC raised its position in United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock worth $2,080,170,000 after purchasing an additional 373,202 shares during the period. International Assets Investment Management LLC lifted its stake in United Parcel Service by 15,779.6% in 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 during the last quarter. Finally, FMR LLC boosted its position in shares of United Parcel Service by 3.7% during the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock valued at $1,448,960,000 after buying an additional 380,229 shares during the period. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Down 0.4 %

NYSE UPS traded down $0.53 on Friday, hitting $128.45. The stock had a trading volume of 2,370,567 shares, compared to its average volume of 4,179,611. The business's fifty day moving average price is $132.99 and its 200 day moving average price is $132.85. The stock has a market cap of $109.62 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. 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 announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share 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 firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the previous year, the business earned $1.57 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is presently 98.49%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UPS shares. TD Cowen initiated coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a "hold" rating and a $144.00 price target on the stock. StockNews.com upgraded United Parcel Service from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. 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. Oppenheimer boosted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Finally, Citigroup decreased their price target on shares of United Parcel Service from $163.00 to $158.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of "Moderate Buy" and an average target price of $151.29.

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.