United Parcel Service, Inc. $UPS Shares Sold by First National Trust Co

First National Trust Co lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,745 shares of the transportation company’s stock after selling 7,820 shares during the quarter. First National Trust Co’s holdings in United Parcel Service were worth $2,735,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC lifted its stake in United Parcel Service by 18.6% in the third quarter. Wealthfront Advisers LLC now owns 98,676 shares of the transportation company’s stock valued at $8,242,000 after buying an additional 15,474 shares during the last quarter. Edgemoor Investment Advisors Inc. grew its position in shares of United Parcel Service by 236.7% during the third quarter. Edgemoor Investment Advisors Inc. now owns 20,592 shares of the transportation company’s stock worth $1,720,000 after acquiring an additional 14,477 shares during the last quarter. AlTi Global Inc. increased its holdings in shares of United Parcel Service by 128.0% in the 3rd quarter. AlTi Global Inc. now owns 4,705 shares of the transportation company’s stock worth $393,000 after acquiring an additional 2,641 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of United Parcel Service by 14.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 79,078 shares of the transportation company’s stock worth $6,605,000 after acquiring an additional 10,154 shares during the period. Finally, Ipsen Advisor Group LLC lifted its position in United Parcel Service by 19.1% in the 3rd quarter. Ipsen Advisor Group LLC now owns 5,575 shares of the transportation company’s stock valued at $466,000 after purchasing an additional 896 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

UPS has been the subject of several recent analyst reports. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. UBS Group increased their price objective on United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft lifted their target price on United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Jefferies Financial Group boosted their price target on United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Citigroup lowered their price target on United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $113.67.

United Parcel Service Stock Up 0.7%

Shares of UPS stock opened at $118.76 on Wednesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $123.70. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.30 and a current ratio of 1.22. The business’s fifty day moving average is $104.63 and its 200-day moving average is $94.23. The stock has a market cap of $100.75 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.18. The business had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted $2.75 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s payout ratio is presently 100.00%.

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.