Wesbanco Bank Inc. Sells 268 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wesbanco Bank Inc. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,381 shares of the transportation company’s stock after selling 268 shares during the quarter. Wesbanco Bank Inc.’s holdings in United Parcel Service were worth $8,232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Natixis bought a new position in United Parcel Service during the first quarter worth $121,000. Cohen Investment Advisors LLC increased its holdings in shares of United Parcel Service by 26.4% during the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after purchasing an additional 3,835 shares during the period. Financial Partners Group LLC raised its position in shares of United Parcel Service by 23.9% during the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after buying an additional 5,069 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of United Parcel Service by 12.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after buying an additional 6,502 shares during the period. Finally, Nvwm LLC grew its position in United Parcel Service by 3.7% during the first quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The trade was a 3,100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group cut their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Wells Fargo & Company upped their target price on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Susquehanna lowered their price target on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, 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 report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.24.

United Parcel Service Stock Performance

United Parcel Service stock opened at $134.57 on Tuesday. The stock has a 50-day simple moving average of $129.39 and a 200 day simple moving average of $136.86. The stock has a market capitalization of $115.27 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 1.95 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.25 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 $163.82.

United Parcel Service (NYSE:UPS) last announced its 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 return on equity of 35.27% and a net margin of 5.87%. The company 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 firm posted $2.54 earnings per share. The company’s revenue was down 1.1% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.85%. United Parcel Service’s dividend payout ratio (DPR) is currently 106.36%.

United Parcel Service Company 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.