United Parcel Service, Inc. $UPS Shares Sold by Whittier Trust Co.

Whittier Trust Co. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.3% in the second quarter, HoldingsChannel.com reports. The fund owned 20,348 shares of the transportation company’s stock after selling 3,111 shares during the period. Whittier Trust Co.’s holdings in United Parcel Service were worth $2,054,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after buying an additional 999,832 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after buying an additional 1,780,807 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after buying an additional 4,988,044 shares during the last quarter. Northern Trust Corp raised its position in shares of United Parcel Service by 0.3% in the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after buying an additional 23,918 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of United Parcel Service by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock valued at $519,059,000 after buying an additional 171,303 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America reduced their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Wells Fargo & Company reduced their target price on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective for the company in a report on Thursday, July 3rd. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and an average target price of $109.31.

Insider Activity at United Parcel Service

In other news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Down 1.3%

Shares of UPS opened at $86.93 on Thursday. The stock has a market capitalization of $73.68 billion, a PE ratio of 12.94, a P/E/G ratio of 1.63 and a beta of 1.10. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The company’s 50-day simple moving average is $85.58 and its 200-day simple moving average is $93.26.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.79 EPS. Analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is currently 97.62%.

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.