Trust Co. of Toledo NA OH Cuts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Trust Co. of Toledo NA OH lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,957 shares of the transportation company’s stock after selling 1,273 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in United Parcel Service were worth $1,760,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. Principal Financial Group Inc. grew its position in shares of United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after buying an additional 33,989 shares during the last quarter. Synovus Financial Corp boosted its position in shares of United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after purchasing an additional 6,941 shares during the period. Van ECK Associates Corp grew its stake in United Parcel Service by 1,061.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after buying an additional 1,620,091 shares during the last quarter. Cohen Investment Advisors LLC lifted 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 buying an additional 3,835 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of United Parcel Service by 30.7% in the fourth quarter. Nordea Investment Management AB now owns 2,919,945 shares of the transportation company’s stock valued at $367,300,000 after acquiring an additional 685,259 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $0.06 during trading on Monday, reaching $123.22. The company had a trading volume of 2,064,203 shares, compared to its average volume of 3,798,545. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a twelve month low of $121.56 and a twelve month high of $161.35. The stock has a 50-day moving average price of $129.54 and a two-hundred day moving average price of $131.16. The stock has a market capitalization of $105.15 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 EPS. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.29%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Analyst Upgrades and Downgrades

Several analysts recently commented on UPS shares. Barclays reiterated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. The Goldman Sachs Group decreased their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Citigroup dropped their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus boosted their target price on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $151.10.

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.