Associated Banc Corp Buys 32,510 Shares of United Parcel Service, Inc. (NYSE:UPS)

Associated Banc Corp boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 100.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,961 shares of the transportation company’s stock after acquiring an additional 32,510 shares during the period. Associated Banc Corp’s holdings in United Parcel Service were worth $8,857,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UPS. Charles Schwab Investment Management Inc. boosted its holdings in United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after buying an additional 1,320,921 shares during the period. International Assets Investment Management LLC boosted its stake in shares of United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after acquiring an additional 14,539,321 shares during the period. Bank of New York Mellon Corp raised its stake in United Parcel Service by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after purchasing an additional 20,426 shares during the period. American Century Companies Inc. lifted its holdings in United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after purchasing an additional 393,434 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in United Parcel Service by 284.8% in the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after purchasing an additional 1,901,914 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UPS shares. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Bank of America boosted their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Stock Up 2.6 %

NYSE:UPS traded up $3.56 during mid-day trading on Monday, reaching $138.38. The company’s stock had a trading volume of 334,930 shares, compared to its average volume of 4,141,918. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average of $132.98 and a 200-day moving average of $134.11. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The firm has a market capitalization of $118.09 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $1.57 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.