United Parcel Service (UPS) Shares Bought by Bank of The West

Bank of The West grew its stake in shares of United Parcel Service (NYSE:UPS) by 3.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,433 shares of the transportation company’s stock after acquiring an additional 589 shares during the quarter. Bank of The West’s holdings in United Parcel Service were worth $1,929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of United Parcel Service by 0.7% during the 4th quarter. BlackRock Inc. now owns 44,182,201 shares of the transportation company’s stock valued at $5,264,310,000 after acquiring an additional 317,636 shares during the last quarter. Clearbridge Investments LLC increased its position in United Parcel Service by 2.9% during the 4th quarter. Clearbridge Investments LLC now owns 7,762,342 shares of the transportation company’s stock worth $924,883,000 after purchasing an additional 218,976 shares in the last quarter. Geode Capital Management LLC increased its position in United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,712,902 shares of the transportation company’s stock worth $798,019,000 after purchasing an additional 178,202 shares in the last quarter. Bank of New York Mellon Corp increased its position in United Parcel Service by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 6,087,376 shares of the transportation company’s stock worth $725,311,000 after purchasing an additional 577,544 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in United Parcel Service by 18.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 4,188,137 shares of the transportation company’s stock worth $438,331,000 after purchasing an additional 652,699 shares in the last quarter. 54.27% of the stock is owned by institutional investors.

A number of analysts recently issued reports on the stock. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating in a research report on Monday. BMO Capital Markets dropped their target price on shares of United Parcel Service to $121.00 and set a “market perform” rating for the company in a research report on Friday, April 27th. Robert W. Baird reissued a “hold” rating and set a $120.00 target price on shares of United Parcel Service in a research report on Tuesday, April 10th. Stephens reissued a “hold” rating and set a $126.00 target price on shares of United Parcel Service in a research report on Monday, April 9th. Finally, Loop Capital increased their target price on shares of United Parcel Service from $131.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $124.26.

NYSE UPS opened at $116.59 on Friday. The company has a market capitalization of $99.62 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 1.73 and a beta of 1.02. United Parcel Service has a fifty-two week low of $115.53 and a fifty-two week high of $116.38. The company has a debt-to-equity ratio of 14.84, a current ratio of 1.22 and a quick ratio of 1.22.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.01. The firm had revenue of $17.11 billion during the quarter, compared to analysts’ expectations of $16.49 billion. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. United Parcel Service’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 EPS. sell-side analysts forecast that United Parcel Service will post 7.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Monday, May 21st will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Friday, May 18th. United Parcel Service’s dividend payout ratio is presently 60.57%.

In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total transaction of $170,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

United Parcel Service 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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