Fiduciary Trust Co Sells 612 Shares of United Parcel Service, Inc. (NYSE:UPS)

Fiduciary Trust Co reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,876 shares of the transportation company’s stock after selling 612 shares during the quarter. Fiduciary Trust Co’s holdings in United Parcel Service were worth $867,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Onyx Bridge Wealth Group LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $461,000. HF Advisory Group LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at approximately $1,305,000. Allspring Global Investments Holdings LLC grew its stake in shares of United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after acquiring an additional 28,108 shares during the period. Global Wealth Management Investment Advisory Inc. grew its stake in shares of United Parcel Service by 42.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company’s stock valued at $4,302,000 after acquiring an additional 10,176 shares during the period. Finally, Rovin Capital UT ADV grew its stake in shares of United Parcel Service by 85.7% during the 4th quarter. Rovin Capital UT ADV now owns 4,757 shares of the transportation company’s stock valued at $600,000 after acquiring an additional 2,195 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Oppenheimer cut their price objective on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Wells Fargo & Company reiterated an “equal weight” rating and set a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Morgan Stanley cut their price objective on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Finally, Bank of America cut their price objective on United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $120.87.

United Parcel Service Stock Down 1.1%

Shares of UPS opened at $95.92 on Monday. The stock has a market capitalization of $81.93 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42. The business’s 50 day simple moving average is $104.28 and its 200-day simple moving average is $118.70. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.84%. United Parcel Service’s dividend payout ratio (DPR) is 95.63%.

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.