Associated Banc Corp Has $4.79 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Associated Banc Corp grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,477 shares of the transportation company’s stock after acquiring an additional 1,233 shares during the quarter. Associated Banc Corp’s holdings in United Parcel Service were worth $4,792,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its holdings in shares of United Parcel Service by 0.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 64 shares during the period. First Financial Corp IN lifted its holdings in shares of United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares in the last quarter. Gleason Group Inc. boosted its position in shares of United Parcel Service by 1.1% during the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after buying an additional 66 shares during the period. Advisors Capital Management LLC grew its holdings in shares of United Parcel Service by 0.5% during the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after buying an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC raised its position in United Parcel Service by 0.3% in the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock valued at $3,981,000 after buying an additional 69 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.5 %

Shares of UPS stock traded down $0.77 during trading hours on Monday, reaching $148.47. 762,116 shares of the company’s stock were exchanged, compared to its average volume of 4,035,807. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The stock’s fifty day moving average price is $149.04 and its two-hundred day moving average price is $150.89. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock has a market cap of $127.02 billion, a PE ratio of 21.63, a PEG ratio of 1.71 and a beta of 1.05.

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

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s dividend payout ratio is presently 94.49%.

Wall Street Analyst Weigh In

Several brokerages recently commented on UPS. Susquehanna increased their price target on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Argus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Oppenheimer increased their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Finally, Bank of America raised their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $165.23.

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.