United Parcel Service, Inc. (UPS) Shares Sold by Bangor Savings Bank

Bangor Savings Bank lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,833 shares of the transportation company’s stock after selling 47 shares during the period. Bangor Savings Bank’s holdings in United Parcel Service were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after acquiring an additional 43,351,873 shares during the last quarter. Lazard Asset Management LLC raised its position in United Parcel Service by 3,875,867.0% during the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock worth $465,797,000 after acquiring an additional 4,340,971 shares during the last quarter. Janus Henderson Group PLC raised its position in United Parcel Service by 775.8% during the second quarter. Janus Henderson Group PLC now owns 2,766,792 shares of the transportation company’s stock worth $305,978,000 after acquiring an additional 2,450,868 shares during the last quarter. Federated Investors Inc. PA raised its position in United Parcel Service by 2,005.9% during the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock worth $167,972,000 after acquiring an additional 1,446,749 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in United Parcel Service by 119.6% during the second quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock worth $288,170,000 after acquiring an additional 1,419,245 shares during the last quarter. 53.66% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service, Inc. (NYSE UPS) traded down $1.14 during trading hours on Friday, hitting $120.31. 3,141,930 shares of the stock were exchanged, compared to its average volume of 2,647,432. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. The firm has a market capitalization of $103,674.73, a price-to-earnings ratio of 20.12, a PEG ratio of 2.16 and a beta of 0.92. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $122.00.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 earnings per share. equities analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 81.37%.

A number of brokerages have issued reports on UPS. Oppenheimer restated a “buy” rating and set a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. BidaskClub cut shares of United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Bank of America restated a “neutral” rating and set a $124.00 target price (up previously from $117.00) on shares of United Parcel Service in a research report on Friday, October 6th. Credit Suisse Group restated a “neutral” rating and set a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. Finally, Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $120.74.

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United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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