Park National Corp OH Has $1.28 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Park National Corp OH decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,615 shares of the transportation company’s stock after selling 931 shares during the quarter. Park National Corp OH’s holdings in United Parcel Service were worth $1,278,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. LaFleur & Godfrey LLC raised its position in United Parcel Service by 62.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company’s stock worth $785,000 after purchasing an additional 2,401 shares during the last quarter. Brighton Jones LLC raised its position in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 4,723 shares in the last quarter. Mayflower Financial Advisors LLC raised its position in shares of United Parcel Service by 6.8% in the 4th quarter. Mayflower Financial Advisors LLC now owns 5,383 shares of the transportation company’s stock worth $679,000 after acquiring an additional 343 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of United Parcel Service by 3.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 64,950 shares of the transportation company’s stock valued at $8,190,000 after purchasing an additional 1,997 shares during the period. Finally, Swedbank AB lifted its stake in shares of United Parcel Service by 6.3% in the 4th quarter. Swedbank AB now owns 298,088 shares of the transportation company’s stock valued at $37,589,000 after purchasing an additional 17,579 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price objective on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price objective on United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. HSBC downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Bank of America boosted their price objective on United Parcel Service from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $120.26.

United Parcel Service Trading Up 1.4%

Shares of UPS stock opened at $98.06 on Friday. The company’s fifty day simple moving average is $98.81 and its two-hundred day simple moving average is $115.46. 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 $90.55 and a 1 year high of $148.15. The stock has a market capitalization of $83.03 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.69%. United Parcel Service’s payout ratio is 95.63%.

United Parcel Service 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.