Community Trust & Investment Co. Purchases 182 Shares of United Parcel Service, Inc. (NYSE:UPS)

Community Trust & Investment Co. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 3.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,283 shares of the transportation company’s stock after acquiring an additional 182 shares during the period. Community Trust & Investment Co.’s holdings in United Parcel Service were worth $720,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Natixis bought a new stake in United Parcel Service in the 1st quarter valued at approximately $121,000. Cohen Investment Advisors LLC lifted its stake in United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after acquiring an additional 3,835 shares in the last quarter. Financial Partners Group LLC lifted its stake in United Parcel Service by 23.9% in the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after acquiring an additional 5,069 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of United Parcel Service by 12.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock worth $8,853,000 after purchasing an additional 6,502 shares during the last quarter. Finally, Nvwm LLC increased its position in shares of United Parcel Service by 3.7% during the 1st quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $131.33 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s fifty day moving average price is $130.44 and its two-hundred day moving average price is $136.19. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The firm has a market cap of $112.49 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 2.00 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released 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 company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.44 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.96%. United Parcel Service’s payout ratio is 106.36%.

Insider Activity

In related news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The trade was a 3,100.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on UPS shares. Bank of America lowered their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Robert W. Baird lowered their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Oppenheimer lowered their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. TD Cowen started coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Finally, Stephens lowered their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $151.05.

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.