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

Farmers Trust Co. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,204 shares of the transportation company’s stock after selling 226 shares during the quarter. Farmers Trust Co.’s holdings in United Parcel Service were worth $323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of UPS. Vanguard Group Inc. increased its position in shares of United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after buying an additional 999,832 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of United Parcel Service by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after buying an additional 1,780,807 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after acquiring an additional 4,988,044 shares during the period. Northern Trust Corp increased its holdings in United Parcel Service by 0.3% in the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock worth $815,633,000 after acquiring an additional 23,918 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in United Parcel Service by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock worth $519,059,000 after acquiring an additional 171,303 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi acquired 500 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the transaction, the director owned 500 shares of the company’s stock, valued at approximately $44,085. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the purchase, the director owned 10,160 shares of the company’s stock, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 17,182 shares of company stock worth $1,477,382 in the last ninety days. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

UPS has been the subject of a number of research reports. Vertical Research reissued a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective for the company in a research note on Thursday, July 3rd. Susquehanna reduced their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 8th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target of $111.44.

United Parcel Service Price Performance

NYSE:UPS opened at $84.35 on Wednesday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The stock has a market cap of $71.50 billion, a PE ratio of 12.55, a P/E/G ratio of 1.55 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a 50 day moving average price of $88.86 and a 200 day moving average price of $97.15.

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

United Parcel Service Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. United Parcel Service’s payout ratio is 97.62%.

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.