First National Trust Co Trims Stock Holdings in United Parcel Service, Inc. $UPS

First National Trust Co lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,565 shares of the transportation company’s stock after selling 241 shares during the period. First National Trust Co’s holdings in United Parcel Service were worth $4,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. Graybill Wealth Management LTD. purchased a new position in United Parcel Service in the first quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. purchased a new position in United Parcel Service in the second quarter valued at about $26,000. Citizens National Bank Trust Department boosted its holdings in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares during the last quarter. Hemington Wealth Management raised its stake in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares in the last quarter. Finally, Saudi Central Bank acquired a new stake in United Parcel Service during the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 2.2%

Shares of United Parcel Service stock opened at $89.12 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The business’s 50 day simple moving average is $85.58 and its 200-day simple moving average is $93.06. The stock has a market capitalization of $75.53 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.62 and a beta of 1.10. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $138.67.

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

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 97.62%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Susquehanna cut their price objective on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. Galvan Research cut their price objective on United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, June 30th. Vertical Research restated a “hold” rating and set a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft cut their price objective on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Finally, Wolfe Research cut their price objective on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $109.31.

Insider Buying and Selling

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were purchased 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 in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director directly owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 17,182 shares of company stock valued at $1,477,382 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

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.