United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Private Trust Co. NA

Private Trust Co. NA decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,520 shares of the transportation company’s stock after selling 661 shares during the period. Private Trust Co. NA’s holdings in United Parcel Service were worth $889,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. iA Global Asset Management Inc. raised its position in United Parcel Service by 23.8% in the 1st quarter. iA Global Asset Management Inc. now owns 11,245 shares of the transportation company’s stock valued at $1,671,000 after purchasing an additional 2,164 shares in the last quarter. Plato Investment Management Ltd raised its holdings in United Parcel Service by 978.3% in the first quarter. Plato Investment Management Ltd now owns 2,437 shares of the transportation company’s stock valued at $362,000 after acquiring an additional 2,211 shares in the last quarter. Heartland Bank & Trust Co purchased a new position in United Parcel Service in the first quarter worth approximately $232,000. CCM Investment Advisers LLC grew its holdings in United Parcel Service by 2.1% during the 1st quarter. CCM Investment Advisers LLC now owns 65,589 shares of the transportation company’s stock worth $9,749,000 after acquiring an additional 1,380 shares in the last quarter. Finally, Wahed Invest LLC increased its position in shares of United Parcel Service by 14.6% in the 1st quarter. Wahed Invest LLC now owns 14,171 shares of the transportation company’s stock valued at $2,106,000 after purchasing an additional 1,803 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $134.96 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock’s 50 day moving average is $133.24 and its two-hundred day moving average is $133.95. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The firm has a market capitalization of $115.17 billion, a PE ratio of 20.39, a P/E/G ratio of 2.26 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 earnings per share for the quarter, topping 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 firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

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 $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on UPS shares. Barclays reiterated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Oppenheimer upped their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. UBS Group raised their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered 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. Finally, The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service 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.