NBT Bank N A NY Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

NBT Bank N A NY lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,187 shares of the transportation company’s stock after selling 1,141 shares during the period. NBT Bank N A NY’s holdings in United Parcel Service were worth $1,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in UPS. IMG Wealth Management Inc. purchased a new position in United Parcel Service during the 4th quarter valued at about $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new position in United Parcel Service during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new position in United Parcel Service in the fourth quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in United Parcel Service during the fourth quarter worth $30,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 1.3%

NYSE:UPS opened at $99.74 on Wednesday. The company has a market capitalization of $84.46 billion, a P/E ratio of 14.54, a PEG ratio of 1.77 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The firm has a fifty day simple moving average of $97.68 and a 200-day simple moving average of $112.19.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is 95.63%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on UPS shares. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price target on the stock. Loop Capital cut their target price on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Raymond James Financial decreased their price target on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Susquehanna lowered their price target on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Finally, UBS Group reduced their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $120.26.

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.