United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Farmers Trust Co.

Farmers Trust Co. raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 21.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,430 shares of the transportation company’s stock after purchasing an additional 605 shares during the quarter. Farmers Trust Co.’s holdings in United Parcel Service were worth $377,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service during the fourth quarter worth approximately $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 1.4%

NYSE UPS opened at $98.06 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The firm’s fifty day simple moving average is $98.81 and its 200-day simple moving average is $115.46. The company has a market capitalization of $83.03 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.69%. United Parcel Service’s dividend payout ratio is currently 95.63%.

Analysts Set New Price Targets

UPS has been the topic of several research reports. Hsbc Global Res cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Loop Capital reduced their target price on United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group reduced their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Morgan Stanley decreased their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average price target of $120.26.

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.