Town & Country Bank & Trust CO dba First Bankers Trust CO Boosts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,965 shares of the transportation company’s stock after purchasing an additional 524 shares during the period. United Parcel Service makes up approximately 2.1% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 11th largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in United Parcel Service were worth $4,900,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Paralel Advisors LLC grew its position in United Parcel Service by 1.3% during the third quarter. Paralel Advisors LLC now owns 9,869 shares of the transportation company’s stock worth $1,538,000 after buying an additional 123 shares during the period. Trexquant Investment LP acquired a new stake in shares of United Parcel Service in the third quarter valued at approximately $2,345,000. Bank of Nova Scotia grew its position in shares of United Parcel Service by 111.7% in the third quarter. Bank of Nova Scotia now owns 135,704 shares of the transportation company’s stock valued at $21,152,000 after purchasing an additional 71,616 shares during the last quarter. Cape Cod Five Cents Savings Bank acquired a new stake in shares of United Parcel Service in the third quarter valued at approximately $224,000. Finally, Richard Bernstein Advisors LLC lifted its stake in shares of United Parcel Service by 18.1% during the third quarter. Richard Bernstein Advisors LLC now owns 14,579 shares of the transportation company’s stock valued at $2,272,000 after buying an additional 2,230 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UPS shares. 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 research note on Thursday, March 28th. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Bank of America upped their price objective on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Oppenheimer upped their price objective on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $164.55.

United Parcel Service Price Performance

Shares of UPS traded up $1.02 during mid-day trading on Friday, hitting $136.85. The company’s stock had a trading volume of 6,609,563 shares, compared to its average volume of 4,011,769. The firm has a 50-day moving average price of $141.71 and a 200 day moving average price of $148.56. The stock has a market capitalization of $117.08 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.74 and a beta of 1.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service, Inc. has a fifty-two week low of $132.90 and a fifty-two week high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 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.