Norway Savings Bank Sells 215 Shares of United Parcel Service, Inc. (NYSE:UPS)

Norway Savings Bank reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,477 shares of the transportation company’s stock after selling 215 shares during the quarter. Norway Savings Bank’s holdings in United Parcel Service were worth $822,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new stake in United Parcel Service during the fourth quarter valued at $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service during the fourth quarter valued at $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $30,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.2%

UPS stock opened at $99.36 on Friday. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. 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’s 50 day moving average is $97.77 and its 200-day moving average is $111.65. The firm has a market capitalization of $84.14 billion, a PE ratio of 14.48, a P/E/G ratio of 1.74 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same period last year, the business earned $1.43 EPS. The business’s revenue was down .9% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s payout ratio is currently 95.63%.

Analyst Ratings Changes

Several equities research analysts recently commented on UPS shares. Bank of America upped their target price 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. Wells Fargo & Company restated an “equal weight” rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Wall Street Zen lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Citigroup cut their target price on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, HSBC cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $120.26.

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.