Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 13,799 Shares of United Parcel Service, Inc. (NYSE:UPS)

Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 43.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,117 shares of the transportation company’s stock after selling 13,799 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in United Parcel Service were worth $2,470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UPS. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service in the second quarter valued at about $28,000. Stephens Consulting LLC raised its holdings in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Riverview Trust Co bought a new stake in shares of United Parcel Service in the second quarter valued at about $32,000. Centerpoint Advisors LLC raised 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 valued at $32,000 after acquiring an additional 175 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. raised its holdings in shares of United Parcel Service by 1,933.3% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 244 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 232 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on UPS shares. Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Stephens decreased their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Oppenheimer cut 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. Barclays cut their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company lifted 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $151.24.

United Parcel Service Price Performance

Shares of UPS stock opened at $135.88 on Thursday. The stock’s 50-day simple moving average is $129.82 and its 200-day simple moving average is $136.75. The firm has a market capitalization of $116.39 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.98 and a beta of 0.99. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week 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.

United Parcel Service (NYSE:UPS) last issued its 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). The firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.54 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.80%. United Parcel Service’s dividend payout ratio is currently 106.36%.

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.