Keybank National Association OH Sells 8,975 Shares of United Parcel Service, Inc. (NYSE:UPS)

Keybank National Association OH trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 169,330 shares of the transportation company’s stock after selling 8,975 shares during the quarter. Keybank National Association OH’s holdings in United Parcel Service were worth $21,353,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. IFS Advisors LLC increased its position in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the period. True Wealth Design LLC boosted its position in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. Whipplewood Advisors LLC purchased a new position in United Parcel Service during the fourth quarter valued at approximately $34,000. FSA Wealth Management LLC bought a new stake in United Parcel Service during the 3rd quarter worth approximately $36,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in United Parcel Service in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group reduced their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $160.00 to $130.00 in a report on Friday, January 31st. Bank of America cut their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus lowered their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.73.

United Parcel Service Trading Down 2.1 %

Shares of UPS stock opened at $116.79 on Wednesday. The business has a 50-day moving average of $122.09 and a 200 day moving average of $127.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The stock has a market capitalization of $99.75 billion, a PE ratio of 17.28, a P/E/G ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the firm earned $2.47 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date is Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

About United Parcel Service

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.