United Parcel Service, Inc. $UPS Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,378 shares of the transportation company’s stock after selling 2,240 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in United Parcel Service were worth $1,148,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Inspire Investing LLC purchased a new position in United Parcel Service in the second quarter worth $2,728,000. Villere ST Denis J & Co. LLC purchased a new position in United Parcel Service in the second quarter worth $15,868,000. Aberdeen Group plc raised its position in United Parcel Service by 7.0% in the second quarter. Aberdeen Group plc now owns 545,096 shares of the transportation company’s stock worth $55,022,000 after acquiring an additional 35,559 shares in the last quarter. PDS Planning Inc raised its position in United Parcel Service by 0.4% in the second quarter. PDS Planning Inc now owns 34,781 shares of the transportation company’s stock worth $3,511,000 after acquiring an additional 132 shares in the last quarter. Finally, JB Capital LLC raised its position in United Parcel Service by 2.1% in the second quarter. JB Capital LLC now owns 30,724 shares of the transportation company’s stock worth $3,101,000 after acquiring an additional 619 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 2.7%

UPS opened at $82.97 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. The firm has a market cap of $70.32 billion, a P/E ratio of 12.35, a PEG ratio of 1.53 and a beta of 1.10. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The business’s fifty day simple moving average is $85.74 and its 200 day simple moving average is $94.34.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.79 EPS. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.9%. United Parcel Service’s dividend payout ratio (DPR) is presently 97.62%.

Insider Activity at United Parcel Service

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

Analyst Ratings Changes

Several research analysts have issued reports on UPS shares. Citigroup cut their price objective on United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday. Oppenheimer cut their price objective on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Wells Fargo & Company dropped their price target 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. Finally, BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target for the company in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $109.38.

United Parcel Service 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.