Northwest Bancshares Inc. Trims Stake in United Parcel Service, Inc. (NYSE:UPS)

Northwest Bancshares Inc. trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,290 shares of the transportation company’s stock after selling 3,843 shares during the quarter. Northwest Bancshares Inc.’s holdings in United Parcel Service were worth $4,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UPS. International Assets Investment Management LLC grew its position in United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after buying an additional 14,539,321 shares in the last quarter. Marshall Wace LLP grew its position in United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after buying an additional 1,901,914 shares in the last quarter. Van ECK Associates Corp grew its position in United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after buying an additional 1,620,091 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of United Parcel Service by 5,136.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock worth $147,242,000 after purchasing an additional 1,059,339 shares in the last quarter. Finally, Interval Partners LP purchased a new position in shares of United Parcel Service in the 1st quarter worth about $90,099,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research reports. The Goldman Sachs Group cut their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. TD Cowen initiated coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Oppenheimer upped their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Robert W. Baird cut their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Trading Down 1.4 %

UPS opened at $133.20 on Wednesday. The business has a 50 day simple moving average of $132.70 and a two-hundred day simple moving average of $134.41. The firm has a market capitalization of $113.67 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.20 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 EPS. Analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

United Parcel Service Company Profile

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.