Plimoth Trust Co. LLC Sells 1,654 Shares of United Parcel Service, Inc. $UPS

Plimoth Trust Co. LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 12.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,323 shares of the transportation company’s stock after selling 1,654 shares during the quarter. Plimoth Trust Co. LLC’s holdings in United Parcel Service were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of UPS. Brighton Jones LLC raised its position in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Vest Financial LLC increased its stake in shares of United Parcel Service by 73.5% in the 1st quarter. Vest Financial LLC now owns 8,436 shares of the transportation company’s stock valued at $928,000 after buying an additional 3,574 shares during the period. SeaCrest Wealth Management LLC raised its position in shares of United Parcel Service by 6.0% during the first quarter. SeaCrest Wealth Management LLC now owns 5,718 shares of the transportation company’s stock worth $629,000 after acquiring an additional 325 shares during the last quarter. LexAurum Advisors LLC lifted its stake in shares of United Parcel Service by 40.2% during the first quarter. LexAurum Advisors LLC now owns 3,851 shares of the transportation company’s stock valued at $424,000 after acquiring an additional 1,104 shares during the period. Finally, Wedmont Private Capital boosted its holdings in United Parcel Service by 25.4% in the first quarter. Wedmont Private Capital now owns 3,930 shares of the transportation company’s stock valued at $432,000 after acquiring an additional 797 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 1.4%

Shares of NYSE:UPS opened at $86.79 on Monday. The company has a 50 day moving average price of $86.20 and a two-hundred day moving average price of $95.17. 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 has a market capitalization of $73.56 billion, a PE ratio of 12.92, a PEG ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01.

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

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is 97.62%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carol B. Tome bought 11,682 shares of the company’s stock in a transaction on Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 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 company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on UPS shares. Susquehanna dropped their price objective on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Oppenheimer lowered their price target on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Citigroup reduced their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Finally, Vertical Research reiterated a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus target price of $110.16.

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.