Banco Santander S.A. Purchases 79 Shares of United Parcel Service, Inc. (NYSE:UPS)

Banco Santander S.A. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,596 shares of the transportation company’s stock after purchasing an additional 79 shares during the period. Banco Santander S.A.’s holdings in United Parcel Service were worth $1,717,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in shares of United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after buying an additional 14,539,321 shares during the last quarter. Marshall Wace LLP boosted its position in United Parcel Service by 284.8% in the second 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 last quarter. Van ECK Associates Corp boosted its position in United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in United Parcel Service by 5,136.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after purchasing an additional 1,059,339 shares during the period. Finally, Interval Partners LP purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $90,099,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 2.6 %

Shares of NYSE:UPS opened at $134.82 on Friday. The firm has a fifty day moving average of $132.98 and a 200 day moving average of $134.29. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $115.05 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.57 EPS. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.84%. United Parcel Service’s payout ratio is 98.49%.

Analyst Ratings Changes

A number of analysts recently issued reports on UPS shares. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Citigroup lowered their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. TD Cowen initiated coverage on United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. UBS Group boosted their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Susquehanna upped their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

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.