Colonial Trust Co SC Decreases Holdings in United Parcel Service, Inc. $UPS

Colonial Trust Co SC decreased its stake in United Parcel Service, Inc. (NYSE:UPSFree Report) by 28.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,486 shares of the transportation company’s stock after selling 6,523 shares during the period. Colonial Trust Co SC’s holdings in United Parcel Service were worth $1,377,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CFS Investment Advisory Services LLC raised its holdings in shares of United Parcel Service by 2.6% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock worth $372,000 after purchasing an additional 108 shares during the period. Center for Financial Planning Inc. increased its position in United Parcel Service by 4.6% in the third quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company’s stock worth $214,000 after buying an additional 112 shares during the last quarter. Wealth Advisory Solutions LLC raised its stake in shares of United Parcel Service by 2.3% in the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after buying an additional 118 shares during the period. Westside Investment Management Inc. lifted its position in shares of United Parcel Service by 14.8% during the 2nd quarter. Westside Investment Management Inc. now owns 960 shares of the transportation company’s stock valued at $97,000 after buying an additional 124 shares during the last quarter. Finally, Country Trust Bank lifted its position in shares of United Parcel Service by 4.8% during the 2nd quarter. Country Trust Bank now owns 2,747 shares of the transportation company’s stock valued at $277,000 after buying an additional 125 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the subject of several recent research reports. Citigroup decreased their price objective on United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Oppenheimer lifted their target price on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Bank of America raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a research report on Friday, January 9th. BMO Capital Markets upped their price target on shares of United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Finally, UBS Group lifted their price objective on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $113.67.

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United Parcel Service Stock Down 1.4%

Shares of NYSE UPS opened at $115.06 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. The business has a 50-day moving average of $108.11 and a 200-day moving average of $96.06. The firm has a market capitalization of $97.62 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.85 and a beta of 1.11. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $123.70.

United Parcel Service (NYSE:UPSGet Free Report) last announced its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the business posted $2.75 earnings per share. United Parcel Service’s revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be given a $1.64 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 5.7%. United Parcel Service’s payout ratio is 100.00%.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Key United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

United Parcel Service Company Profile

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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