Bangor Savings Bank Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Bangor Savings Bank increased its position in United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,446 shares of the transportation company’s stock after purchasing an additional 127 shares during the period. Bangor Savings Bank’s holdings in United Parcel Service were worth $809,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new position in United Parcel Service in the 4th quarter worth about $26,000. Life Planning Partners Inc purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $28,000. Northwest Financial Advisors purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $28,000. Pineridge Advisors LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $31,000. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

UPS opened at $136.60 on Monday. The business has a fifty day moving average of $142.34 and a 200 day moving average of $149.18. United Parcel Service, Inc. has a 52-week low of $132.90 and a 52-week high of $192.98. 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 $116.87 billion, a P/E ratio of 19.80, a PEG ratio of 1.74 and a beta of 1.01.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the prior year, the business earned $2.20 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio is 94.49%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Susquehanna increased their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. TD Cowen cut their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Wells Fargo & Company assumed coverage on shares of United Parcel Service in a report on Friday, June 7th. They issued an “overweight” rating and a $156.00 price target on the stock. Finally, Evercore ISI restated an “in-line” rating and set a $154.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. One 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $164.95.

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.