United Parcel Service, Inc. (NYSE:UPS) Stock Position Lifted by Farmers Trust Co.

Farmers Trust Co. lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,036 shares of the transportation company’s stock after purchasing an additional 375 shares during the quarter. Farmers Trust Co.’s holdings in United Parcel Service were worth $414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of UPS. Cullen Investment Group LTD. raised its position in shares of United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after buying an additional 68 shares in the last quarter. Blackston Financial Advisory Group LLC increased its stake in shares of United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc increased its stake in shares of United Parcel Service by 2.2% during the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after acquiring an additional 70 shares during the period. Moody National Bank Trust Division raised its holdings in United Parcel Service by 0.8% during the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after purchasing an additional 71 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in United Parcel Service by 2.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after purchasing an additional 73 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 1.7 %

NYSE:UPS opened at $130.69 on Friday. The business’s fifty day moving average price is $128.85 and its 200 day moving average price is $138.01. The firm has a market capitalization of $111.81 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.98 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.54 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Susquehanna lowered their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Oppenheimer cut their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Evercore ISI reduced their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. Finally, Stifel Nicolaus dropped their target price on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.68.

Insider Activity

In other news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Company 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.