Indiana Trust & Investment Management Co Decreases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Indiana Trust & Investment Management Co trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 9.0% during the third quarter, Holdings Channel.com reports. The firm owned 1,692 shares of the transportation company’s stock after selling 168 shares during the period. Indiana Trust & Investment Management Co’s holdings in United Parcel Service were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UPS. Natixis bought a new stake in United Parcel Service during the first quarter valued at $121,000. Cohen Investment Advisors LLC increased its holdings in shares of United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after purchasing an additional 3,835 shares during the period. Financial Partners Group LLC boosted its position in United Parcel Service by 23.9% during the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after purchasing an additional 5,069 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in United Parcel Service by 12.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock worth $8,853,000 after buying an additional 6,502 shares during the last quarter. Finally, Nvwm LLC raised its holdings in United Parcel Service by 3.7% in the 1st quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after acquiring an additional 96 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $2.10 during midday trading on Wednesday, reaching $135.90. 1,079,000 shares of the stock were exchanged, compared to its average volume of 4,178,790. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market cap of $116.27 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.95 and a beta of 0.99. The firm has a 50-day simple moving average of $129.57 and a two-hundred day simple moving average of $136.76. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.54 EPS. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UPS. BMO Capital Markets lowered their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. TD Cowen assumed coverage on United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price for the company. Bank of America decreased their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird dropped their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

Insiders Place Their Bets

In related news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. This trade represents a 3,100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

United Parcel Service 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.