Fiduciary Trust Co Has $1.02 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Fiduciary Trust Co trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 10.4% in the third quarter, Holdings Channel.com reports. The firm owned 7,488 shares of the transportation company’s stock after selling 868 shares during the period. Fiduciary Trust Co’s holdings in United Parcel Service were worth $1,021,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of United Parcel Service by 7.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 285,266 shares of the transportation company’s stock worth $38,893,000 after buying an additional 19,666 shares during the last quarter. Providence Capital Advisors LLC grew its holdings in United Parcel Service by 27.7% during the 3rd quarter. Providence Capital Advisors LLC now owns 25,795 shares of the transportation company’s stock worth $3,517,000 after acquiring an additional 5,597 shares during the period. FORA Capital LLC raised its position in shares of United Parcel Service by 35.4% during the 3rd quarter. FORA Capital LLC now owns 86,146 shares of the transportation company’s stock valued at $11,745,000 after acquiring an additional 22,516 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in shares of United Parcel Service by 23.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 14,532 shares of the transportation company’s stock valued at $1,981,000 after purchasing an additional 2,720 shares during the period. Finally, Townsquare Capital LLC boosted its position in shares of United Parcel Service by 7.0% in the 3rd quarter. Townsquare Capital LLC now owns 82,858 shares of the transportation company’s stock worth $11,297,000 after purchasing an additional 5,444 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.1 %

Shares of UPS stock opened at $135.85 on Friday. The firm’s fifty day moving average price is $133.55 and its two-hundred day moving average price is $133.87. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The firm has a market capitalization of $115.93 billion, a P/E ratio of 20.52, a PEG ratio of 2.23 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its earnings results 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 business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the previous year, the business earned $1.57 earnings per share. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.80%. United Parcel Service’s payout ratio is 98.49%.

Analyst Upgrades and Downgrades

UPS has been the topic of several analyst reports. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer increased their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

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.