Park National Corp OH Raises Stock Position in United Parcel Service, Inc. $UPS

by · The Cerbat Gem

Park National Corp OH lifted its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 54.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,526 shares of the transportation company’s stock after purchasing an additional 5,501 shares during the period. Park National Corp OH’s holdings in United Parcel Service were worth $1,297,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Evelyn Partners Investment Management Europe Ltd raised its position in United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service during the 2nd quarter worth $26,000. Saudi Central Bank purchased a new position in shares of United Parcel Service during the first quarter valued at $32,000. Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service in the first quarter valued at about $33,000. Finally, RMG Wealth Management LLC purchased a new stake in United Parcel Service in the second quarter worth about $34,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.1%

Shares of UPS stock opened at $100.15 on Wednesday. The stock’s fifty day moving average price is $92.95 and its 200 day moving average price is $92.68. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $136.99. The company has a market cap of $84.97 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30.

United Parcel Service (NYSE:UPS – Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The business had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter last year, the company earned $1.76 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.6%. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on UPS shares. Stephens raised shares of United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Citigroup upped their target price on United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Bank of America dropped their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. boosted their price target on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $110.09.

Get Our Latest Report on United Parcel Service

United Parcel Service Profile

(Free Report)

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.

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