Wesbanco Bank Inc. Sells 1,758 Shares of United Parcel Service, Inc. $UPS

Wesbanco Bank Inc. cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,546 shares of the transportation company’s stock after selling 1,758 shares during the period. Wesbanco Bank Inc.’s holdings in United Parcel Service were worth $5,809,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UPS. Graybill Wealth Management LTD. bought a new position in United Parcel Service in the first quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at $27,000. Citizens National Bank Trust Department raised 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 valued at $27,000 after purchasing an additional 210 shares during the period. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. Finally, Hemington Wealth Management raised 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 valued at $31,000 after purchasing an additional 115 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other United Parcel Service news, Director Christiana Smith Shi acquired 500 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of the company’s stock in a transaction on Friday, August 1st. The stock was acquired 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 directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 17,182 shares of company stock valued at $1,477,382 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Barclays decreased their price objective on shares of 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. BNP Paribas Exane upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research report on Thursday, July 3rd. Argus decreased their price objective on shares of United Parcel Service from $150.00 to $120.00 in a research report on Friday, May 23rd. Finally, Vertical Research reaffirmed a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $112.34.

United Parcel Service Stock Performance

UPS opened at $84.40 on Friday. The stock has a market capitalization of $71.53 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.56 and a beta of 1.08. The company has a fifty day moving average of $91.22 and a 200 day moving average of $98.84. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS) last posted its earnings results 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 net margin of 6.34% and a return on equity of 39.61%. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. During the same period in the previous year, the business posted $1.79 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.62%.

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.