United Parcel Service, Inc. $UPS Shares Sold by Davidson Trust Co.

Davidson Trust Co. decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,063 shares of the transportation company’s stock after selling 279 shares during the quarter. Davidson Trust Co.’s holdings in United Parcel Service were worth $208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Graybill Wealth Management LTD. acquired a new position in United Parcel Service during the first quarter worth approximately $26,000. Citizens National Bank Trust Department increased its position in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after purchasing an additional 210 shares during the last quarter. Hemington Wealth Management increased its position in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares during the last quarter. Saudi Central Bank acquired a new position in United Parcel Service during the first quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of United Parcel Service in the first quarter worth $33,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Thursday, July 3rd. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Morgan Stanley dropped their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research report on Wednesday, July 30th. Oppenheimer dropped their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Finally, Galvan Research dropped their price objective on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $109.31.

Insiders Place Their Bets

In related news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock valued at $1,477,382 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS stock opened at $83.97 on Wednesday. The company has a market capitalization of $71.17 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. The firm has a fifty day simple moving average of $85.65 and a 200-day simple moving average of $93.97. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 earnings per share. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is 97.62%.

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.