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

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First United Bank Trust decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 18.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,412 shares of the transportation company’s stock after selling 2,352 shares during the quarter. First United Bank Trust’s holdings in United Parcel Service were worth $1,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Centric Wealth Management raised its stake in United Parcel Service by 27.3% during the third quarter. Centric Wealth Management now owns 422,008 shares of the transportation company’s stock worth $48,632,000 after acquiring an additional 90,572 shares during the period. Cypress Capital Management LLC acquired a new stake in United Parcel Service during the second quarter worth about $7,798,000. Nomura Asset Management Co. Ltd. raised its stake in United Parcel Service by 7.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 207,803 shares of the transportation company’s stock worth $21,459,000 after acquiring an additional 13,743 shares during the period. Lockheed Martin Investment Management Co. acquired a new stake in United Parcel Service during the first quarter worth about $4,648,000. Finally, Bank of Nova Scotia raised its stake in United Parcel Service by 9.8% during the second quarter. Bank of Nova Scotia now owns 148,153 shares of the transportation company’s stock worth $14,653,000 after acquiring an additional 13,206 shares during the period. Hedge funds and other institutional investors own 55.27% of the company’s stock.

NYSE UPS opened at $116.02 on Friday. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $123.63. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62. The stock has a market cap of $99.63 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24. The company has a 50-day moving average price of $118.23 and a two-hundred day moving average price of $109.53.

United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The firm had revenue of $18.05 billion during the quarter, compared to analysts’ expectations of $17.98 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. United Parcel Service’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on UPS shares. JPMorgan Chase & Co. set a $135.00 price objective on shares of United Parcel Service and gave the stock a “neutral” rating in a research note on Friday, October 4th. Loop Capital set a $140.00 target price on shares of United Parcel Service and gave the stock a “buy” rating in a research report on Monday, September 23rd. Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. Raymond James upped their target price on shares of United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Credit Suisse Group set a $119.00 target price on shares of United Parcel Service and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $120.46.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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.

Further Reading: The limitations of an equal weight rating

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

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