Trustmark National Bank Trust Department Sells 1,296 Shares of United Parcel Service, Inc. (NYSE:UPS)

Trustmark National Bank Trust Department cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,617 shares of the transportation company’s stock after selling 1,296 shares during the period. Trustmark National Bank Trust Department’s holdings in United Parcel Service were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in United Parcel Service by 4.3% during the third 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 during the period. Onyx Bridge Wealth Group LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth about $461,000. Synovus Financial Corp grew its holdings in United Parcel Service by 8.6% during the 3rd 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 last quarter. HF Advisory Group LLC purchased a new stake in United Parcel Service in the 4th quarter worth about $1,305,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in United Parcel Service by 27.2% in the fourth 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 last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price target on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Susquehanna reduced their target price on United Parcel Service from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 1st. The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $131.32.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $96.95 on Monday. The stock has a market capitalization of $82.81 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.55 and a beta of 1.10. The firm’s fifty day simple moving average is $112.11 and its 200-day simple moving average is $123.91. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42.

United Parcel Service (NYSE:UPS) last announced its earnings results 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 period in the previous year, the business earned $2.47 earnings per share. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.77%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

About United Parcel Service

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.