American National Bank Buys 1,000 Shares of United Parcel Service, Inc. (NYSE:UPS)

American National Bank increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 44.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,245 shares of the transportation company’s stock after purchasing an additional 1,000 shares during the quarter. American National Bank’s holdings in United Parcel Service were worth $582,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Royal Fund Management LLC lifted its stake in shares of United Parcel Service by 5.4% in the second quarter. Royal Fund Management LLC now owns 9,199 shares of the transportation company’s stock worth $1,649,000 after buying an additional 469 shares during the last quarter. Darwin Wealth Management LLC lifted its position in United Parcel Service by 8.5% during the 2nd quarter. Darwin Wealth Management LLC now owns 4,885 shares of the transportation company’s stock worth $905,000 after acquiring an additional 381 shares during the last quarter. Biltmore Wealth Management LLC bought a new stake in United Parcel Service during the second quarter valued at about $672,000. Sunburst Financial Group LLC grew its position in shares of United Parcel Service by 9.8% in the second quarter. Sunburst Financial Group LLC now owns 1,601 shares of the transportation company’s stock valued at $287,000 after purchasing an additional 143 shares during the last quarter. Finally, Occidental Asset Management LLC increased its stake in shares of United Parcel Service by 36.4% in the second quarter. Occidental Asset Management LLC now owns 6,584 shares of the transportation company’s stock worth $1,180,000 after purchasing an additional 1,758 shares during the period. Institutional investors own 58.45% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UPS. Barclays increased their target price on United Parcel Service from $172.00 to $180.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Citigroup lowered their price objective on shares of United Parcel Service from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, September 12th. Credit Suisse Group cut their target price on shares of United Parcel Service from $204.00 to $194.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. Atlantic Securities initiated coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating and a $162.00 price target on the stock. Finally, Bank of America cut their price objective on shares of United Parcel Service from $190.00 to $177.00 and set a “neutral” rating for the company in a research report on Tuesday, September 12th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $186.89.

Insider Activity

In related news, insider Nando Cesarone sold 22,825 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $171.70, for a total transaction of $3,919,052.50. Following the sale, the insider now owns 1 shares of the company’s stock, valued at approximately $171.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is owned by company insiders.

United Parcel Service Trading Down 1.3 %

Shares of UPS opened at $158.44 on Tuesday. The stock’s fifty day simple moving average is $175.33 and its 200-day simple moving average is $178.27. The firm has a market capitalization of $135.38 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.70 and a beta of 1.09. United Parcel Service, Inc. has a 12-month low of $154.87 and a 12-month high of $197.80. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.97.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.05. United Parcel Service had a net margin of 10.41% and a return on equity of 51.28%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $23.04 billion. During the same period in the prior year, the business posted $3.29 earnings per share. United Parcel Service’s revenue was down 10.9% compared to the same quarter last year. As a group, research analysts predict that United Parcel Service, Inc. will post 9.46 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 14th were given a $1.62 dividend. The ex-dividend date was Friday, August 11th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.09%. United Parcel Service’s dividend payout ratio is 56.20%.

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.