Associated Banc Corp Decreases Holdings in United Parcel Service (UPS)

Associated Banc Corp reduced its position in shares of United Parcel Service (NYSE:UPS) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,691 shares of the transportation company’s stock after selling 1,326 shares during the quarter. Associated Banc Corp’s holdings in United Parcel Service were worth $5,933,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. ETRADE Capital Management LLC boosted its stake in shares of United Parcel Service by 15.7% during the 1st quarter. ETRADE Capital Management LLC now owns 22,103 shares of the transportation company’s stock worth $2,313,000 after acquiring an additional 2,998 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of United Parcel Service by 0.9% during the 1st quarter. Synovus Financial Corp now owns 189,895 shares of the transportation company’s stock worth $19,833,000 after acquiring an additional 1,632 shares in the last quarter. MUFG Americas Holdings Corp boosted its stake in shares of United Parcel Service by 3.4% during the 1st quarter. MUFG Americas Holdings Corp now owns 219,137 shares of the transportation company’s stock worth $22,935,000 after acquiring an additional 7,148 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its stake in shares of United Parcel Service by 15.4% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 13,520 shares of the transportation company’s stock worth $1,415,000 after acquiring an additional 1,801 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of United Parcel Service by 18.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 4,188,137 shares of the transportation company’s stock worth $438,331,000 after acquiring an additional 652,699 shares in the last quarter. 54.27% of the stock is owned by hedge funds and other institutional investors.

Shares of United Parcel Service opened at $116.59 on Friday, MarketBeat reports. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 14.84. United Parcel Service has a 12 month low of $115.53 and a 12 month high of $116.38. The firm has a market capitalization of $99.62 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, April 26th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The business had revenue of $17.11 billion during the quarter, compared to analyst estimates of $16.49 billion. During the same period last year, the company earned $1.32 earnings per share. United Parcel Service’s quarterly revenue was up 10.3% compared to the same quarter last year. analysts predict that United Parcel Service will post 7.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 6th. Investors of record on Monday, May 21st will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $3.64 annualized dividend and a dividend yield of 3.12%. United Parcel Service’s dividend payout ratio is 60.57%.

In related news, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $106.80, for a total transaction of $480,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total value of $170,130.00. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on UPS shares. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 price objective for the company in a research note on Thursday, February 1st. BMO Capital Markets raised their price objective on United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Morgan Stanley raised their price objective on United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. Edward Jones raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Finally, Deutsche Bank cut United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 target price for the company. in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and a consensus price target of $124.26.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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