Glenview Trust co Sells 554 Shares of United Parcel Service, Inc. (NYSE:UPS)

Glenview Trust co reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,643 shares of the transportation company’s stock after selling 554 shares during the period. Glenview Trust co’s holdings in United Parcel Service were worth $7,269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV lifted its position in United Parcel Service by 1.8% during the third quarter. KBC Group NV now owns 131,085 shares of the transportation company’s stock valued at $17,872,000 after purchasing an additional 2,263 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of United Parcel Service by 105.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 26,190 shares of the transportation company’s stock valued at $3,571,000 after buying an additional 13,437 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of United Parcel Service by 6.5% in the 3rd quarter. CIBC Asset Management Inc now owns 136,914 shares of the transportation company’s stock valued at $18,667,000 after acquiring an additional 8,377 shares during the last quarter. Northcape Wealth Management LLC grew its position in United Parcel Service by 3.1% in the third quarter. Northcape Wealth Management LLC now owns 19,112 shares of the transportation company’s stock worth $2,606,000 after acquiring an additional 582 shares in the last quarter. Finally, Seelaus Asset Management LLC bought a new stake in United Parcel Service during the third quarter worth approximately $531,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 1.4 %

United Parcel Service stock opened at $116.90 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market cap of $99.85 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.55 and a beta of 0.94. The business has a fifty day moving average of $120.91 and a two-hundred day moving average of $127.38. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the company posted $2.47 earnings per share. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.61%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is presently 97.04%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent research reports. Morgan Stanley dropped their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Loop Capital dropped their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company reduced their target price on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a report on Friday, March 7th. They set a “hold” rating and a $119.00 price target on the stock. Finally, Raymond James decreased their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.09.

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.