Gulf International Bank UK Ltd Has $7.72 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Gulf International Bank UK Ltd lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,594 shares of the transportation company’s stock after selling 2,597 shares during the quarter. Gulf International Bank UK Ltd’s holdings in United Parcel Service were worth $7,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Norden Group LLC lifted its position in shares of United Parcel Service by 32.2% in the 1st quarter. Norden Group LLC now owns 5,756 shares of the transportation company’s stock worth $855,000 after purchasing an additional 1,401 shares during the period. Mutual Advisors LLC grew its stake in United Parcel Service by 15.8% in the 1st quarter. Mutual Advisors LLC now owns 14,427 shares of the transportation company’s stock worth $2,144,000 after acquiring an additional 1,972 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of United Parcel Service by 186.1% during the first quarter. GSA Capital Partners LLP now owns 6,235 shares of the transportation company’s stock valued at $927,000 after purchasing an additional 4,056 shares in the last quarter. Commerce Bank grew its stake in United Parcel Service by 4.0% in the first quarter. Commerce Bank now owns 92,794 shares of the transportation company’s stock valued at $13,792,000 after purchasing an additional 3,573 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in United Parcel Service by 87.5% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,856 shares of the transportation company’s stock worth $870,000 after buying an additional 2,732 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.8 %

Shares of NYSE UPS opened at $133.00 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The stock’s 50-day simple moving average is $131.58 and its 200-day simple moving average is $135.46. The firm has a market cap of $113.93 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period last year, the firm posted $1.57 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is currently 98.49%.

Analyst Ratings Changes

A number of analysts have recently weighed in on UPS shares. Evercore ISI increased their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. TD Cowen started coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective on the stock. The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Citigroup initiated coverage on United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective on the stock. Finally, Barclays restated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

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.