Fulton Bank N.A. Sells 6,493 Shares of United Parcel Service, Inc. $UPS

Fulton Bank N.A. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 41.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,351 shares of the transportation company’s stock after selling 6,493 shares during the quarter. Fulton Bank N.A.’s holdings in United Parcel Service were worth $781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPS. Evelyn Partners Investment Management Europe Ltd increased its stake in United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after acquiring an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. bought a new stake in shares of United Parcel Service during the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new stake in shares of United Parcel Service during the 1st quarter worth $33,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth $34,000. Finally, RMG Wealth Management LLC bought a new position in shares of United Parcel Service in the second quarter worth $34,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $100.92 on Monday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $136.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $85.62 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.28 and a beta of 1.11. The firm has a 50 day simple moving average of $96.80 and a 200 day simple moving average of $92.78.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter in the previous year, the firm posted $1.76 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. Research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were given a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.5%. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. BMO Capital Markets reissued a “market perform” rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Stifel Nicolaus boosted their price objective on shares of United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. upped their target price on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $110.09.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.