Mechanics Bank Trust Department Sells 1,090 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mechanics Bank Trust Department lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,714 shares of the transportation company’s stock after selling 1,090 shares during the period. Mechanics Bank Trust Department’s holdings in United Parcel Service were worth $1,466,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Jacobs & Co. CA lifted its stake in United Parcel Service by 5.7% in the second quarter. Jacobs & Co. CA now owns 86,074 shares of the transportation company’s stock valued at $11,779,000 after purchasing an additional 4,644 shares during the last quarter. Hyperion Partners LLC bought a new stake in shares of United Parcel Service in the second quarter valued at $365,000. Mitchell & Pahl Private Wealth LLC lifted its position in shares of United Parcel Service by 1.1% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 14,929 shares of the transportation company’s stock valued at $2,043,000 after buying an additional 169 shares during the last quarter. Bond & Devick Financial Network Inc. bought a new position in shares of United Parcel Service during the 2nd quarter worth $216,000. Finally, Wealth Management Partners LLC increased its holdings in United Parcel Service by 14.1% in the 2nd quarter. Wealth Management Partners LLC now owns 11,525 shares of the transportation company’s stock worth $1,577,000 after acquiring an additional 1,428 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Activity

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS traded down $0.39 during midday trading on Friday, reaching $125.82. The stock had a trading volume of 3,825,042 shares, compared to its average volume of 4,284,486. The company has a market capitalization of $107.65 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $182.25. The company’s 50-day moving average is $135.07 and its 200 day moving average is $143.36.

United Parcel Service (NYSE:UPS) last issued 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 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 previous year, the business earned $2.54 earnings per share. The firm’s revenue was down 1.1% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 7.64 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.18%. United Parcel Service’s payout ratio is 94.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UPS shares. Bank of America cut their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Evercore ISI reduced their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. BMO Capital Markets dropped their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Stifel Nicolaus cut their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Oppenheimer decreased their price objective 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 research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.00.

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.