552 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Kennebec Savings Bank

by · The Cerbat Gem

Kennebec Savings Bank bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 552 shares of the transportation company’s stock, valued at approximately $75,000.

Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp grew its position in United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after acquiring an additional 1,620,091 shares during the period. Natixis acquired a new stake in shares of United Parcel Service during the 1st quarter worth about $121,000. Cohen Investment Advisors LLC raised its holdings in United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after buying an additional 3,835 shares during the period. Financial Partners Group LLC lifted its position in United Parcel Service by 23.9% in the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after buying an additional 5,069 shares during the last quarter. Finally, Weaver C. Barksdale & Associates Inc. boosted its stake in United Parcel Service by 71.8% during the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock worth $1,988,000 after buying an additional 6,073 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Stephens decreased their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Susquehanna upped their price target 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. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Barclays reissued an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Finally, Stifel Nicolaus lifted their target price on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.71.

Get Our Latest Stock Analysis on UPS

United Parcel Service Trading Down 0.6 %

UPS opened at $131.61 on Tuesday. The business’s 50-day simple moving average is $132.06 and its 200-day simple moving average is $135.12. The company has a market cap of $112.73 billion, a P/E ratio of 19.88, a PEG ratio of 2.17 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. 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 released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.57 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.95%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

About United Parcel Service

(Free Report)

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.

See Also

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