Stock Yards Bank & Trust Co. Sells 5,139 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stock Yards Bank & Trust Co. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 14.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,077 shares of the transportation company’s stock after selling 5,139 shares during the period. Stock Yards Bank & Trust Co.’s holdings in United Parcel Service were worth $4,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alpha Financial Partners LLC lifted its position in United Parcel Service by 8.4% in the second quarter. Alpha Financial Partners LLC now owns 2,039 shares of the transportation company’s stock worth $279,000 after purchasing an additional 158 shares during the period. Edgestream Partners L.P. raised its stake in shares of United Parcel Service by 1,134.0% in the 2nd quarter. Edgestream Partners L.P. now owns 55,764 shares of the transportation company’s stock valued at $7,631,000 after buying an additional 51,245 shares in the last quarter. Excalibur Management Corp raised its position in United Parcel Service by 5.3% in the second quarter. Excalibur Management Corp now owns 12,826 shares of the transportation company’s stock worth $1,755,000 after purchasing an additional 646 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in United Parcel Service by 6.1% during the second quarter. Citizens Financial Group Inc. RI now owns 14,349 shares of the transportation company’s stock worth $1,964,000 after purchasing an additional 823 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in United Parcel Service during the second quarter valued at approximately $2,986,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $128.88 on Tuesday. 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. The stock has a market capitalization of $110.26 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.89 and a beta of 0.99. The business has a 50-day moving average price of $130.75 and a two-hundred day moving average price of $139.74.

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

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analysts Set New Price Targets

Several research firms recently commented on UPS. Wells Fargo & Company cut their target price on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets reduced their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Stephens dropped their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Finally, Oppenheimer dropped their price objective 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $149.68.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

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.