Trust Co. of Vermont Sells 604 Shares of United Parcel Service, Inc. (NYSE:UPS)

Trust Co. of Vermont trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,768 shares of the transportation company’s stock after selling 604 shares during the period. Trust Co. of Vermont’s holdings in United Parcel Service were worth $1,221,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in UPS. International Assets Investment Management LLC raised its position in shares of United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after acquiring an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP grew its stake in United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after buying an additional 8,475,698 shares during the last quarter. Norges Bank purchased a new position in United Parcel Service during the 4th quarter worth $1,128,322,000. First Trust Advisors LP grew its stake in United Parcel Service by 208.1% during the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after buying an additional 1,160,005 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after buying an additional 980,317 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Oppenheimer boosted their target price on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Wells Fargo & Company started coverage on United Parcel Service in a report on Friday, June 7th. They set an “overweight” rating and a $156.00 target price for the company. Finally, Susquehanna increased their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $164.95.

United Parcel Service Stock Up 0.2 %

UPS opened at $135.89 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $132.90 and a fifty-two week high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The company has a fifty day moving average of $143.34 and a two-hundred day moving average of $149.74. The stock has a market capitalization of $116.26 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.72 and a beta of 1.01.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter in the previous year, the company earned $2.20 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.80%. United Parcel Service’s dividend payout ratio is currently 94.49%.

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.