Trust Co. of Toledo NA OH Cuts Position in United Parcel Service, Inc. $UPS

Trust Co. of Toledo NA OH trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,378 shares of the transportation company’s stock after selling 2,240 shares during the period. Trust Co. of Toledo NA OH’s holdings in United Parcel Service were worth $1,148,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UPS. Goldman Sachs Group Inc. increased its stake in shares of United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after buying an additional 4,988,044 shares during the period. Pacer Advisors Inc. increased its stake in shares of United Parcel Service by 1,056.6% during the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after buying an additional 3,961,255 shares during the period. Nuveen LLC purchased a new stake in shares of United Parcel Service during the first quarter worth approximately $201,358,000. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after buying an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of United Parcel Service by 443.6% during the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock worth $156,453,000 after buying an additional 1,264,842 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

UPS stock opened at $82.97 on Friday. The company has a market capitalization of $70.32 billion, a P/E ratio of 12.35, a PEG ratio of 1.53 and a beta of 1.10. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The business has a 50 day simple moving average of $85.74 and a 200-day simple moving average of $94.34. 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 (NYSE:UPS) last posted its quarterly earnings data 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 analyst estimates 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 was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 97.62%.

Insider Activity

In related news, Director Christiana Smith Shi purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UPS has been the topic of a number of recent research reports. Bank of America lowered their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Truist Financial lowered their price target on United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Vertical Research reaffirmed a “hold” rating and issued a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. BNP Paribas raised United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. lowered their price target on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $109.38.

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.