Keybank National Association OH Sells 27,201 Shares of United Parcel Service, Inc. (NYSE:UPS)

Keybank National Association OH trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 254,690 shares of the transportation company’s stock after selling 27,201 shares during the period. Keybank National Association OH’s holdings in United Parcel Service were worth $30,517,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Bernardo Wealth Planning LLC raised its position in United Parcel Service by 0.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 15,340 shares of the transportation company’s stock valued at $1,584,000 after purchasing an additional 88 shares in the last quarter. LS Investment Advisors LLC raised its position in United Parcel Service by 0.6% during the 2nd quarter. LS Investment Advisors LLC now owns 16,429 shares of the transportation company’s stock valued at $1,697,000 after purchasing an additional 92 shares in the last quarter. Glassman Wealth Services raised its position in United Parcel Service by 22.5% during the 3rd quarter. Glassman Wealth Services now owns 501 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 92 shares in the last quarter. Meridian Financial Partners LLC raised its position in United Parcel Service by 1.6% during the 3rd quarter. Meridian Financial Partners LLC now owns 5,948 shares of the transportation company’s stock valued at $685,000 after purchasing an additional 95 shares in the last quarter. Finally, Regentatlantic Capital LLC raised its position in United Parcel Service by 0.3% during the 2nd quarter. Regentatlantic Capital LLC now owns 33,914 shares of the transportation company’s stock valued at $3,502,000 after purchasing an additional 100 shares in the last quarter. 55.30% of the stock is owned by institutional investors and hedge funds.

In other news, COO James J. Barber sold 1,500 shares of United Parcel Service stock in a transaction on Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.17% of the company’s stock.

Shares of NYSE:UPS traded up $0.87 on Friday, reaching $124.36. The company had a trading volume of 1,521,176 shares, compared to its average volume of 3,108,732. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $124.66. The firm’s 50 day simple moving average is $117.64 and its 200-day simple moving average is $110.19. The firm has a market capitalization of $104.24 billion, a PE ratio of 17.18, a PEG ratio of 1.84 and a beta of 1.22. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 4.27.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.01. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The business had revenue of $18.32 billion for the quarter, compared to the consensus estimate of $18.35 billion. During the same period last year, the business posted $1.82 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.09%. United Parcel Service’s dividend payout ratio is presently 53.04%.

A number of equities research analysts have weighed in on the company. Wells Fargo & Co assumed coverage on United Parcel Service in a research report on Monday, October 28th. They set an “outperform” rating and a $138.00 target price for the company. UBS Group set a $136.00 target price on United Parcel Service and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. set a $135.00 target price on United Parcel Service and gave the company a “neutral” rating in a research report on Friday, October 4th. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. Finally, Credit Suisse Group decreased their target price on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and a consensus target price of $121.99.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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