First National Trust Co Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

First National Trust Co lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,998 shares of the transportation company’s stock after selling 3,441 shares during the period. First National Trust Co’s holdings in United Parcel Service were worth $7,389,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after buying an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP increased its position in United Parcel Service by 31.7% during the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in United Parcel Service by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after purchasing an additional 628,944 shares during the period. Envestnet Asset Management Inc. boosted its holdings in United Parcel Service by 36.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock valued at $315,832,000 after purchasing an additional 541,163 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of United Parcel Service by 28.0% in the 3rd quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock valued at $379,245,000 after buying an additional 532,934 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. TD Cowen reduced their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Oppenheimer increased their target price on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Susquehanna boosted their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $165.23.

United Parcel Service Stock Down 0.5 %

Shares of UPS traded down $0.79 during midday trading on Friday, hitting $146.43. The company had a trading volume of 2,039,256 shares, compared to its average volume of 3,606,672. The company’s 50-day simple moving average is $149.39 and its 200-day simple moving average is $150.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The firm has a market capitalization of $124.85 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.68 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 8.23 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.45%. The ex-dividend date is Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.