Stock Yards Bank & Trust Co. Has $2.06 Million Position in United Parcel Service, Inc. $UPS

Stock Yards Bank & Trust Co. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the second quarter, Holdings Channel reports. The fund owned 20,414 shares of the transportation company’s stock after selling 1,727 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in United Parcel Service were worth $2,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Graybill Wealth Management LTD. bought a new stake in United Parcel Service in the 1st quarter valued at $26,000. Citizens National Bank Trust Department boosted its stake in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares during the period. Hemington Wealth Management boosted its stake in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares during the period. Saudi Central Bank bought a new stake in United Parcel Service in the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC bought a new stake in United Parcel Service in the 1st quarter valued at $33,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of the stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director owned 500 shares in the company, valued at approximately $44,085. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 17,182 shares of company stock valued at $1,477,382 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS stock opened at $86.79 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The company has a market cap of $73.56 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.60 and a beta of 1.10. The business has a fifty day simple moving average of $86.20 and a 200 day simple moving average of $95.32.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the prior year, the company earned $1.79 earnings per share. United Parcel Service’s quarterly revenue was down 2.7% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 97.62%.

Analyst Ratings Changes

UPS has been the subject of several recent research reports. UBS Group reduced their price target on United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Friday. Bank of America cut their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Stifel Nicolaus cut their target price on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Susquehanna cut their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company cut their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $110.16.

United Parcel Service Company Profile

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.