United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,637 shares of the transportation company's stock after selling 4,693 shares during the quarter. Keybank National Association OH's holdings in United Parcel Service were worth $18,108,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UPS. Norges Bank purchased a new position in shares of United Parcel Service during the fourth quarter valued at $1,075,393,000. Raymond James Financial Inc. purchased a new position in shares of United Parcel Service during the fourth quarter valued at $393,680,000. Franklin Resources Inc. increased its stake in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after buying an additional 1,484,452 shares during the period. Amundi increased its stake in shares of United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after buying an additional 1,277,328 shares during the period. Finally, Castlekeep Investment Advisors LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at $145,846,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Oppenheimer dropped their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. 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 report on Wednesday, April 30th. Wolfe Research dropped their price objective on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. UBS Group dropped their price objective on United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Bank of America raised their price objective on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $119.29.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $1.30 during trading on Friday, hitting $104.24. The stock had a trading volume of 2,961,254 shares, compared to its average volume of 5,227,763. The stock has a 50-day simple moving average of $98.83 and a two-hundred day simple moving average of $109.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $88.27 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 2.01 and a beta of 1.21. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $1.43 earnings per share. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 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.