United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 14.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,077 shares of the transportation company’s stock after selling 5,139 shares during the period. Stock Yards Bank & Trust Co.’s holdings in United Parcel Service were worth $4,116,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the second quarter worth $28,000. Security National Bank purchased a new position in United Parcel Service in the 4th quarter worth about $31,000. Pineridge Advisors LLC purchased a new stake in United Parcel Service during the fourth quarter valued at about $31,000. Riverview Trust Co purchased a new stake in United Parcel Service during the second quarter valued at about $32,000. Finally, Centerpoint Advisors LLC boosted its holdings in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on UPS. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Stifel Nicolaus cut their target price on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Wells Fargo & Company dropped their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Stephens reduced their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Oppenheimer lowered their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.68.

United Parcel Service Stock Up 1.3 %

Shares of UPS stock opened at $128.88 on Tuesday. The stock’s 50 day simple moving average is $130.75 and its 200 day simple moving average is $139.74. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $110.26 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.89 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the business earned $2.54 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, research analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

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.