Intrust Bank NA Lowers Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Intrust Bank NA cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,012 shares of the transportation company’s stock after selling 144 shares during the period. Intrust Bank NA’s holdings in United Parcel Service were worth $758,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after buying an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $461,000. Synovus Financial Corp boosted its holdings in United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after purchasing an additional 6,941 shares during the period. HF Advisory Group LLC acquired a new position in United Parcel Service during the 4th quarter worth $1,305,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after purchasing an additional 28,108 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of a number of recent research reports. Morgan Stanley cut their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Citigroup dropped their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.57.

United Parcel Service Stock Down 1.2 %

Shares of United Parcel Service stock opened at $109.66 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $154.29. The firm has a market capitalization of $93.66 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The stock’s fifty day moving average is $118.52 and its 200-day moving average is $126.42.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the firm earned $2.47 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s payout ratio is 97.04%.

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.