First National Bank of Mount Dora Trust Investment Services trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,416 shares of the transportation company’s stock after selling 81 shares during the period. United Parcel Service comprises about 1.7% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 21st largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in United Parcel Service were worth $5,001,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. FMR LLC raised its stake in shares of United Parcel Service by 12.9% in the 4th quarter. FMR LLC now owns 19,738,328 shares of the transportation company’s stock valued at $3,323,935,000 after purchasing an additional 2,260,739 shares during the period. Northern Trust Corp grew its holdings in shares of United Parcel Service by 1.4% during the fourth quarter. Northern Trust Corp now owns 8,914,112 shares of the transportation company’s stock worth $1,501,137,000 after buying an additional 119,971 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of United Parcel Service by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,005,094 shares of the transportation company’s stock worth $1,179,659,000 after buying an additional 733,987 shares in the last quarter. Norges Bank bought a new stake in United Parcel Service in the 4th quarter valued at approximately $1,094,024,000. Finally, Janus Henderson Group PLC grew its stake in shares of United Parcel Service by 15.7% during the 4th quarter. Janus Henderson Group PLC now owns 5,568,083 shares of the transportation company’s stock worth $937,646,000 after acquiring an additional 755,716 shares in the last quarter. 55.68% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on UPS. Morgan Stanley increased their target price on shares of United Parcel Service from $74.00 to $80.00 and gave the stock an “underweight” rating in a report on Wednesday, February 3rd. Craig Hallum raised their price objective on United Parcel Service from $12.00 to $25.00 in a report on Monday, February 8th. Vertical Research initiated coverage on United Parcel Service in a report on Thursday, April 1st. They set a “buy” rating and a $195.00 target price on the stock. Barclays increased their price target on United Parcel Service from $145.00 to $155.00 and gave the company an “underweight” rating in a research report on Monday, January 11th. Finally, Wells Fargo & Company boosted their price target on United Parcel Service from $184.00 to $193.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 3rd. Four analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $160.13.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, February 2nd. The transportation company reported $2.66 EPS for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.52. United Parcel Service had a return on equity of 161.20% and a net margin of 5.71%. The business had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $22.85 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. United Parcel Service’s revenue for the quarter was up 21.0% compared to the same quarter last year. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Monday, February 22nd were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, February 19th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.38%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.01. United Parcel Service’s payout ratio is 54.18%.
In related news, Director Wayne M. Hewett acquired 625 shares of the company’s stock in a transaction that occurred on Wednesday, February 24th. The stock was acquired at an average price of $159.82 per share, with a total value of $99,887.50. Following the purchase, the director now directly owns 868 shares in the company, valued at $138,723.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura J. Lane sold 2,375 shares of the firm’s stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $157.93, for a total transaction of $375,083.75. 0.57% of the stock is owned by corporate insiders.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, 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.
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