Community Trust & Investment Co. Acquires New Holdings in United Parcel Service, Inc. (UPS)

Community Trust & Investment Co. acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,671 shares of the transportation company’s stock, valued at approximately $745,000.

Several other large investors also recently added to or reduced their stakes in UPS. CX Institutional bought a new stake in United Parcel Service during the first quarter worth about $29,000. Somerset Trust Co lifted its position in United Parcel Service by 161.0% during the first quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock worth $31,000 after purchasing an additional 169 shares during the period. Larson Financial Group LLC bought a new stake in United Parcel Service during the fourth quarter worth about $29,000. Orrstown Financial Services Inc. bought a new stake in United Parcel Service during the fourth quarter worth about $29,000. Finally, Reilly Financial Advisors LLC bought a new stake in United Parcel Service during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 55.54% of the company’s stock.

Shares of NYSE UPS opened at $113.64 on Tuesday. The company has a debt-to-equity ratio of 6.56, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $98.13 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.21. United Parcel Service, Inc. has a 12 month low of $89.89 and a 12 month high of $125.09.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 31st. The transportation company reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.03. The firm had revenue of $19.85 billion during the quarter, compared to the consensus estimate of $19.92 billion. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. During the same quarter in the previous year, the firm earned $1.67 earnings per share. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.54 earnings per share for the current year.

Several research firms recently weighed in on UPS. Bank of America reaffirmed a “neutral” rating and set a $112.00 price objective (down previously from $116.00) on shares of United Parcel Service in a research report on Friday, February 1st. Berenberg Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the stock from $125.00 to $130.00 in a research report on Monday, April 1st. Credit Suisse Group upped their price objective on shares of United Parcel Service from $104.00 to $111.00 and gave the stock a “neutral” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, February 9th. Finally, Standpoint Research began coverage on shares of United Parcel Service in a research report on Wednesday, December 26th. They set a “buy” rating and a $89.89 price objective for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $123.70.

In other United Parcel Service news, SVP Teri P. Mcclure sold 5,000 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard N. Peretz sold 9,112 shares of the business’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total value of $1,013,072.16. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

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About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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