Northwest Bancshares Inc. Has $4.95 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Northwest Bancshares Inc. cut its position in United Parcel Service, Inc. (NYSE:UPS) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,290 shares of the transportation company’s stock after selling 3,843 shares during the quarter. Northwest Bancshares Inc.’s holdings in United Parcel Service were worth $4,948,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of United Parcel Service by 15,779.6% during 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 last quarter. Bank of New York Mellon Corp grew its stake in United Parcel Service by 0.3% in the second 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 acquiring an additional 20,426 shares during the period. American Century Companies Inc. grew its stake in United Parcel Service by 10.5% in the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after acquiring an additional 393,434 shares during the period. Price T Rowe Associates Inc. MD grew its stake in United Parcel Service by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock valued at $611,445,000 after acquiring an additional 101,349 shares during the period. Finally, Capital World Investors grew its stake in United Parcel Service by 9.6% in the first quarter. Capital World Investors now owns 3,011,299 shares of the transportation company’s stock valued at $447,569,000 after acquiring an additional 263,313 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

NYSE:UPS opened at $133.20 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The firm has a market cap of $113.67 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.20 and a beta of 0.99. The business’s fifty day moving average is $132.70 and its 200 day moving average is $134.41.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data 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. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the company posted $1.57 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.89%. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Stephens cut their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Barclays reiterated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. The Goldman Sachs Group dropped their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Wells Fargo & Company lifted their price target on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Susquehanna lifted their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.52.

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.