Plimoth Trust Co. LLC Has $1.14 Million Stock Holdings in United Parcel Service, Inc. $UPS

Plimoth Trust Co. LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,323 shares of the transportation company’s stock after selling 1,654 shares during the quarter. Plimoth Trust Co. LLC’s holdings in United Parcel Service were worth $1,143,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Graybill Wealth Management LTD. bought a new stake in United Parcel Service during the first quarter valued at about $26,000. Citizens National Bank Trust Department lifted its position in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after purchasing an additional 210 shares during the last quarter. Hemington Wealth Management lifted its position in shares of United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares during the last quarter. Saudi Central Bank bought a new stake in United Parcel Service during the 1st quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service in the 1st quarter valued at approximately $33,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

United Parcel Service stock opened at $86.79 on Monday. The business has a 50 day simple moving average of $86.20 and a 200 day simple moving average of $95.17. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $73.56 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.79 earnings per share. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Insider Buying and Selling at United Parcel Service

In other news, CEO Carol B. Tome acquired 11,682 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock worth $1,477,382 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Truist Financial reduced their price objective on United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Galvan Research reduced their target price on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, June 30th. Vertical Research reissued a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. Wells Fargo & Company lowered their price target on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 30th. Finally, Barclays lowered their price objective on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $110.16.

About United Parcel Service

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.