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

Glenview Trust Co decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.1% during the 4th quarter, HoldingsChannel reports. The fund owned 51,646 shares of the transportation company’s stock after selling 5,819 shares during the quarter. Glenview Trust Co’s holdings in United Parcel Service were worth $5,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. Westbourne Investments Inc. lifted its position in United Parcel Service by 1.2% in the fourth quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock valued at $781,000 after buying an additional 91 shares during the last quarter. Webster Bank N. A. lifted its position in United Parcel Service by 16.7% in the fourth quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock valued at $69,000 after buying an additional 100 shares during the last quarter. Peoples Financial Services CORP. lifted its position in United Parcel Service by 2.5% in the fourth quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock valued at $400,000 after buying an additional 100 shares during the last quarter. Argyle Capital Management LLC lifted its position in United Parcel Service by 0.4% in the fourth quarter. Argyle Capital Management LLC now owns 27,505 shares of the transportation company’s stock valued at $2,728,000 after buying an additional 100 shares during the last quarter. Finally, Spurstone Advisory Services LLC lifted its position in United Parcel Service by 2.7% in the fourth quarter. Spurstone Advisory Services LLC now owns 3,742 shares of the transportation company’s stock valued at $371,000 after buying an additional 100 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 0.1%

Shares of NYSE:UPS opened at $101.12 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $85.96 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.61 and a beta of 1.06. The firm’s 50-day moving average is $100.41 and its two-hundred day moving average is $102.84. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41.

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

United Parcel Service Announces Dividend

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

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent analyst reports. Citigroup upped their target price on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Oppenheimer upped their target price on shares of United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Stifel Nicolaus upped their target price on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Jefferies Financial Group upped their target price on shares of United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, TD Cowen upped their target price on shares of United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Profile

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.