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

Private Trust Co. NA lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 9.2% in the third 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 quarter. Private Trust Co. NA’s holdings in United Parcel Service were worth $889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in UPS. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service in the second quarter valued at about $28,000. Riverview Trust Co purchased a new stake in United Parcel Service in the 2nd quarter valued at approximately $32,000. Centerpoint Advisors LLC grew its holdings in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. Princeton Global Asset Management LLC increased its position in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in shares of United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UPS. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. UBS Group lifted their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup lowered their target price on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, Oppenheimer increased their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.52.

United Parcel Service Price Performance

UPS stock opened at $134.96 on Wednesday. The firm has a market cap of $115.17 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99. 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 1 year low of $123.12 and a 1 year high of $163.82. The stock has a 50-day simple moving average of $133.24 and a 200-day simple moving average of $133.95.

United Parcel Service (NYSE:UPS) last posted 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. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.83%. United Parcel Service’s dividend payout ratio is presently 98.49%.

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.