United Parcel Service, Inc. (NYSE:UPS) Shares Sold by CNB Bank

CNB Bank cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.4% in the fourth quarter, HoldingsChannel reports. The firm owned 1,017 shares of the transportation company’s stock after selling 157 shares during the period. CNB Bank’s holdings in United Parcel Service were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. lifted its position in United Parcel Service by 4.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 72,587 shares of the transportation company’s stock valued at $11,413,000 after purchasing an additional 2,935 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in United Parcel Service in the fourth quarter valued at $87,000. Greenleaf Trust increased its holdings in United Parcel Service by 7.0% in the fourth quarter. Greenleaf Trust now owns 11,493 shares of the transportation company’s stock valued at $1,807,000 after buying an additional 752 shares in the last quarter. RIA Advisory Group LLC increased its holdings in United Parcel Service by 798.6% in the fourth quarter. RIA Advisory Group LLC now owns 17,919 shares of the transportation company’s stock valued at $2,817,000 after buying an additional 15,925 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in United Parcel Service by 151.5% in the fourth quarter. Resonant Capital Advisors LLC now owns 9,656 shares of the transportation company’s stock valued at $1,518,000 after buying an additional 5,817 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.0 %

NYSE:UPS traded up $0.03 on Friday, hitting $142.77. The stock had a trading volume of 5,118,505 shares, compared to its average volume of 4,563,615. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The stock has a market cap of $121.73 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.66 and a beta of 1.05. The company has a fifty day moving average price of $149.48 and a two-hundred day moving average price of $151.19. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $197.80.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.01. The company had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. United Parcel Service’s revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.62 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 8.2 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a $1.63 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is currently 83.70%.

Insider Transactions at United Parcel Service

In related news, Director Eva C. Boratto acquired 1,400 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now owns 1,400 shares in the company, valued at approximately $199,220. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on UPS. Oppenheimer reaffirmed an “outperform” rating and issued a $153.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. Evercore ISI reaffirmed an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. TD Cowen cut their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Raymond James cut their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus cut their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $165.61.

United Parcel Service Company 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.