United Parcel Service, Inc. (NYSE:UPS) Stake Cut by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,209 shares of the transportation company’s stock after selling 1,102 shares during the period. Plimoth Trust Co. LLC’s holdings in United Parcel Service were worth $2,210,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UPS. Marshall Wace LLP lifted its holdings in shares of United Parcel Service by 284.8% in the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after purchasing an additional 1,901,914 shares during the last quarter. Spirepoint Private Client LLC bought a new stake in United Parcel Service in the 1st quarter valued at about $160,787,000. Interval Partners LP acquired a new position in United Parcel Service during the 1st quarter valued at about $90,099,000. Maj Invest Holding A S bought a new position in United Parcel Service in the 2nd quarter worth about $63,604,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of United Parcel Service by 47,670.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,000 shares of the transportation company’s stock valued at $61,582,000 after purchasing an additional 449,058 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 3.4 %

Shares of UPS traded down $4.60 during trading hours on Monday, reaching $131.33. The company’s stock had a trading volume of 4,325,937 shares, compared to its average volume of 4,187,683. The company has a 50 day moving average of $130.21 and a two-hundred day moving average of $136.46. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market cap of $112.49 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 2.00 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share 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 business had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the business posted $2.54 EPS. The firm’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 7.44 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is 106.36%.

Insiders Place Their Bets

In other news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. TD Cowen initiated coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Citigroup assumed coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They set a “buy” rating and a $162.00 target price on the stock. Susquehanna decreased their price objective on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group dropped their target price on 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

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.