United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,209 shares of the transportation company’s stock after selling 1,102 shares during the period. Plimoth Trust Co. LLC’s holdings in United Parcel Service were worth $2,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Natixis acquired a new stake in shares of United Parcel Service in the first quarter valued at approximately $121,000. Cohen Investment Advisors LLC increased its stake in United Parcel Service by 26.4% in the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after purchasing an additional 3,835 shares during the period. Financial Partners Group LLC increased its stake in United Parcel Service by 23.9% in the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after purchasing an additional 5,069 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of United Parcel Service by 12.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after buying an additional 6,502 shares during the last quarter. Finally, Nvwm LLC grew its holdings in shares of United Parcel Service by 3.7% during the first quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after buying an additional 96 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $4.60 on Monday, hitting $131.33. The company had a trading volume of 4,325,937 shares, compared to its average volume of 4,187,683. The business has a 50 day moving average of $130.21 and a 200 day moving average of $136.46. The company has a market cap of $112.49 billion, a PE ratio of 21.45, a PEG ratio of 2.00 and a beta of 0.99. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. 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 (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the business earned $2.54 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.96%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

Analysts Set New Price Targets

Several research firms have commented on UPS. Barclays reaffirmed an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Monday. UBS Group reduced their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Bank of America dropped their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Wells Fargo & Company raised their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $151.24.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. This represents a 3,100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

About United Parcel Service

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.