Trust Co. of Toledo NA OH Decreases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Trust Co. of Toledo NA OH cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,957 shares of the transportation company’s stock after selling 1,273 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in United Parcel Service were worth $1,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fiduciary Alliance LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth about $325,000. Clark & Stuart Inc purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $7,429,000. Czech National Bank raised its holdings in shares of United Parcel Service by 6.3% in the fourth quarter. Czech National Bank now owns 158,576 shares of the transportation company’s stock worth $19,996,000 after buying an additional 9,356 shares during the period. Graypoint LLC lifted its stake in shares of United Parcel Service by 10.5% during the 4th quarter. Graypoint LLC now owns 3,373 shares of the transportation company’s stock worth $425,000 after acquiring an additional 321 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC lifted its stake in shares of United Parcel Service by 150.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 3,071 shares of the transportation company’s stock worth $387,000 after acquiring an additional 1,843 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

NYSE UPS traded down $0.06 during mid-day trading on Monday, reaching $123.22. 2,064,203 shares of the stock were exchanged, compared to its average volume of 3,798,545. The business’s 50 day moving average is $129.54 and its 200-day moving average is $131.16. The company has a market capitalization of $105.15 billion, a P/E ratio of 18.61, a P/E/G ratio of 2.11 and a beta of 1.00. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $161.35. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Analysts Set New Price Targets

A number of research firms have weighed in on UPS. Citigroup reduced their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Oppenheimer lifted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Bank of America upped their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on shares of United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.10.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

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.