Park National Corp OH Sells 5,008 Shares of United Parcel Service, Inc. (NYSE:UPS)

Park National Corp OH cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 25.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,412 shares of the transportation company’s stock after selling 5,008 shares during the period. Park National Corp OH’s holdings in United Parcel Service were worth $2,142,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of United Parcel Service by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after acquiring an additional 178,394 shares during the last quarter. Wellington Management Group LLP increased its holdings in United Parcel Service by 87.6% in the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after purchasing an additional 8,475,698 shares during the period. International Assets Investment Management LLC increased its holdings in United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Franklin Resources Inc. increased its holdings in United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after purchasing an additional 980,317 shares during the period. Finally, Northern Trust Corp increased its holdings in United Parcel Service by 0.4% in the third quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock valued at $1,311,177,000 after purchasing an additional 31,533 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

United Parcel Service stock opened at $134.20 on Wednesday. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The company’s 50 day moving average price is $143.01 and its two-hundred day moving average price is $149.59. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The stock has a market cap of $114.82 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.72 and a beta of 1.01.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.86%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analyst Ratings Changes

UPS has been the subject of a number of recent research reports. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the company from $150.00 to $170.00 in a report on Thursday, April 25th. Evercore ISI restated an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. Oppenheimer increased their price target on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Bank of America increased their price target on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, TD Cowen decreased their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $164.95.

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.