New Hampshire Trust Has $282,000 Stake in United Parcel Service, Inc. $UPS

New Hampshire Trust grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 28.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,790 shares of the transportation company’s stock after acquiring an additional 618 shares during the quarter. New Hampshire Trust’s holdings in United Parcel Service were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after buying an additional 4,988,044 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of United Parcel Service by 1,056.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock valued at $476,936,000 after acquiring an additional 3,961,255 shares during the period. Nuveen LLC bought a new stake in shares of United Parcel Service during the 1st quarter valued at $201,358,000. Charles Schwab Investment Management Inc. lifted its position in shares of United Parcel Service by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after acquiring an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of United Parcel Service by 443.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock valued at $156,453,000 after acquiring an additional 1,264,842 shares during the period. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UPS shares. Galvan Research cut their target price on United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, June 30th. UBS Group lowered their price target on United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Evercore ISI lowered their price target on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. Wells Fargo & Company lowered their price target on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $109.31.

United Parcel Service Trading Up 0.2%

Shares of UPS stock opened at $87.21 on Friday. The stock has a market cap of $73.91 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.62 and a beta of 1.10. The stock has a 50-day moving average of $85.52 and a 200-day moving average of $93.18. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $140.33.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.5%. United Parcel Service’s dividend payout ratio is presently 97.62%.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,182 shares of company stock worth $1,477,382 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

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.