First National Bank of Mount Dora Trust Investment Services decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,416 shares of the transportation company’s stock after selling 81 shares during the quarter. United Parcel Service makes up approximately 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 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in UPS. FMR LLC boosted its holdings in United Parcel Service by 12.9% during the fourth quarter. FMR LLC now owns 19,738,328 shares of the transportation company’s stock worth $3,323,935,000 after purchasing an additional 2,260,739 shares during the last quarter. Northern Trust Corp lifted its position in shares of United Parcel Service by 1.4% during the 4th 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% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,005,094 shares of the transportation company’s stock valued at $1,179,659,000 after acquiring an additional 733,987 shares in the last quarter. Norges Bank purchased a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $1,094,024,000. Finally, Janus Henderson Group PLC lifted its holdings in United Parcel Service by 15.7% during the fourth 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 during the period. Institutional investors own 55.68% of the company’s stock.
A number of research firms have weighed in on UPS. Credit Suisse Group boosted their target price on shares of United Parcel Service from $202.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. Barclays boosted their target price on United Parcel Service from $145.00 to $155.00 and gave the company an “underweight” rating in a research note on Monday, January 11th. TheStreet downgraded shares of United Parcel Service from an “a-” rating to a “c” rating in a report on Tuesday, February 2nd. Vertical Research initiated coverage on shares of United Parcel Service in a research report on Thursday, April 1st. They issued a “buy” rating and a $195.00 price target on the stock. Finally, JPMorgan Chase & Co. set a $180.00 target price on shares of United Parcel Service and gave the company a “neutral” rating in a report on Wednesday, February 3rd. Four research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average 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. The company had revenue of $24.90 billion during the quarter, compared to analyst estimates of $22.85 billion. United Parcel Service had a net margin of 5.71% and a return on equity of 161.20%. The firm’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.11 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.68 earnings per share for the current fiscal year.
The company also recently announced 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. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, February 19th. United Parcel Service’s dividend payout ratio is currently 54.18%.
In related news, insider Laura J. Lane sold 2,375 shares of the company’s stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $157.93, for a total transaction of $375,083.75. Also, insider Norman M. Brothers, Jr. sold 13,337 shares of the firm’s stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $159.64, for a total value of $2,129,118.68. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.
About United Parcel Service
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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