Independence Bank of Kentucky lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,688 shares of the transportation company’s stock after selling 150 shares during the quarter. United Parcel Service accounts for about 1.4% of Independence Bank of Kentucky’s portfolio, making the stock its 21st largest position. Independence Bank of Kentucky’s holdings in United Parcel Service were worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in United Parcel Service by 2.2% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,585 shares of the transportation company’s stock valued at $447,000 after buying an additional 100 shares during the last quarter. Allred Capital Management LLC boosted its stake in United Parcel Service by 1.4% in the first quarter. Allred Capital Management LLC now owns 7,031 shares of the transportation company’s stock valued at $799,000 after acquiring an additional 100 shares in the last quarter. DeDora Capital Inc. boosted its stake in United Parcel Service by 4.9% in the fourth quarter. DeDora Capital Inc. now owns 2,184 shares of the transportation company’s stock valued at $213,000 after acquiring an additional 103 shares in the last quarter. Gemmer Asset Management LLC boosted its stake in United Parcel Service by 30.3% in the fourth quarter. Gemmer Asset Management LLC now owns 499 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 116 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. boosted its stake in United Parcel Service by 1.9% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 6,573 shares of the transportation company’s stock valued at $641,000 after acquiring an additional 122 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total transaction of $159,045.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard N. Peretz sold 9,112 shares of the stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total transaction of $1,013,072.16. The disclosure for this sale can be found here. Insiders have sold 15,612 shares of company stock valued at $1,720,717 in the last quarter. Insiders own 0.17% of the company’s stock.

Several equities analysts have issued reports on UPS shares. Berenberg Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the company from $125.00 to $130.00 in a research note on Monday, April 1st. Argus restated a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. Barclays restated a “hold” rating and issued a $112.00 price objective on shares of United Parcel Service in a research note on Tuesday, January 29th. Standpoint Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Cowen restated a “market perform” rating and issued a $116.00 price objective (down previously from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. United Parcel Service has an average rating of “Hold” and an average price target of $122.41.

Shares of UPS opened at $102.09 on Wednesday. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.09. The stock has a market cap of $91.74 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. The company has a debt-to-equity ratio of 5.85, a current ratio of 1.13 and a quick ratio of 1.13.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.03). United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. During the same quarter last year, the company posted $1.55 EPS. United Parcel Service’s quarterly revenue was up .3% on a year-over-year basis. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.47 EPS for the current year.

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United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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