Mechanics Bank Trust Department decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,249 shares of the transportation company’s stock after selling 780 shares during the period. Mechanics Bank Trust Department’s holdings in United Parcel Service were worth $2,066,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Banco Santander S.A. purchased a new stake in United Parcel Service during the fourth quarter valued at about $2,293,000. Leisure Capital Management increased its stake in United Parcel Service by 5.3% in the third quarter. Leisure Capital Management now owns 17,811 shares of the transportation company’s stock worth $1,948,000 after buying an additional 892 shares during the last quarter. Pegasus Partners Ltd. increased its stake in United Parcel Service by 14.1% in the third quarter. Pegasus Partners Ltd. now owns 17,852 shares of the transportation company’s stock worth $1,952,000 after buying an additional 2,212 shares during the last quarter. Morgan Stanley increased its stake in United Parcel Service by 19.1% in the third quarter. Morgan Stanley now owns 2,876,952 shares of the transportation company’s stock worth $314,622,000 after buying an additional 462,089 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in United Parcel Service by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 600,375 shares of the transportation company’s stock worth $64,420,000 after buying an additional 19,369 shares during the last quarter. 53.19% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, April 27th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.03. United Parcel Service had a net margin of 5.63% and a return on equity of 193.90%. The company had revenue of $15.32 billion during the quarter, compared to analysts’ expectations of $15.19 billion. During the same quarter in the prior year, the company earned $1.27 EPS. United Parcel Service’s revenue was up 6.2% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 11th. This represents a $3.32 annualized dividend and a yield of 3.21%. United Parcel Service’s dividend payout ratio is presently 80.62%.
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A number of research firms have recently weighed in on UPS. Loop Capital reiterated a “hold” rating and set a $116.00 target price (down from $124.00) on shares of United Parcel Service in a research report on Tuesday, February 7th. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Friday, February 3rd. Barclays PLC dropped their price objective on United Parcel Service from $122.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 1st. BMO Capital Markets downgraded United Parcel Service from an “outperform” rating to a “market perform” rating and set a $115.00 price objective for the company. in a research report on Wednesday, February 1st. Finally, Vetr upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and an average target price of $114.00.
In related news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $104.85, for a total transaction of $471,825.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is currently owned by corporate insiders.
About United Parcel Service
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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