Glenview Trust Co Decreases Stock Holdings in United Parcel Service, Inc. $UPS

Glenview Trust Co decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,646 shares of the transportation company’s stock after selling 5,819 shares during the period. Glenview Trust Co’s holdings in United Parcel Service were worth $5,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wealthquest Corp purchased a new position in shares of United Parcel Service during the 4th quarter valued at approximately $249,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of United Parcel Service during the 4th quarter valued at approximately $1,167,000. Prospera Financial Services Inc lifted its position in shares of United Parcel Service by 21.2% during the 4th quarter. Prospera Financial Services Inc now owns 58,935 shares of the transportation company’s stock valued at $5,847,000 after buying an additional 10,302 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of United Parcel Service by 28.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 11,318 shares of the transportation company’s stock worth $1,123,000 after purchasing an additional 2,526 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in United Parcel Service in the 4th quarter valued at $865,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.1%

Shares of UPS stock opened at $101.12 on Tuesday. The company’s 50-day moving average price is $100.41 and its 200-day moving average price is $102.84. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock has a market cap of $85.96 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.61 and a beta of 1.06. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.5%. United Parcel Service’s payout ratio is presently 106.15%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Oppenheimer increased their price objective on United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Susquehanna lifted their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Stifel Nicolaus lifted their target price on shares of United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. UBS Group lowered their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $111.50.

About United Parcel Service

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.