Dorsey & Whitney Trust CO LLC Sells 468 Shares of United Parcel Service, Inc. (NYSE:UPS)

Dorsey & Whitney Trust CO LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,773 shares of the transportation company’s stock after selling 468 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in United Parcel Service were worth $3,527,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UPS. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service during the 2nd quarter valued at about $28,000. Security National Bank bought a new stake in United Parcel Service during the fourth quarter valued at approximately $31,000. Pineridge Advisors LLC purchased a new position in United Parcel Service in the 4th quarter worth approximately $31,000. Riverview Trust Co bought a new position in shares of United Parcel Service in the 2nd quarter worth $32,000. Finally, Centerpoint Advisors LLC raised its position in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.1 %

UPS opened at $128.88 on Tuesday. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $131.45 and a two-hundred day simple moving average of $140.43. The firm has a market capitalization of $110.40 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.88 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.54 EPS. Analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on UPS. BMO Capital Markets cut their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Robert W. Baird reduced their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Bank of America dropped their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Barclays reduced their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company lowered their price objective on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.20.

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