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

Bangor Savings Bank trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.6% in the 1st quarter, HoldingsChannel reports. The fund owned 5,312 shares of the transportation company’s stock after selling 315 shares during the quarter. Bangor Savings Bank’s holdings in United Parcel Service were worth $584,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new position in United Parcel Service in the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth $26,000. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of United Parcel Service during the fourth quarter worth $30,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 1.4%

United Parcel Service stock opened at $98.24 on Monday. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market cap of $83.19 billion, a PE ratio of 14.53, a P/E/G ratio of 1.55 and a beta of 1.22. The stock’s fifty day moving average is $97.32 and its two-hundred day moving average is $113.74.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same period last year, the firm earned $1.43 earnings per share. United Parcel Service’s quarterly revenue was down .9% on a year-over-year basis. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s dividend payout ratio is presently 95.63%.

Analyst Ratings Changes

Several research firms have recently commented on UPS. UBS Group lowered their price target on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Bank of America raised their price target on United Parcel Service from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Oppenheimer lowered their price target on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Loop Capital lowered their price target on United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Finally, Galvan Research lowered their price target on United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $120.26.

United Parcel Service Company 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.