United Parcel Service, Inc. (NYSE:UPS) Shares Sold by CNB Bank

CNB Bank decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 520 shares of the transportation company’s stock after selling 260 shares during the quarter. CNB Bank’s holdings in United Parcel Service were worth $66,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Avanza Fonder AB acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $9,999,000. Wealthcare Advisory Partners LLC increased its stake in shares of United Parcel Service by 20.9% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 58,003 shares of the transportation company’s stock worth $7,314,000 after acquiring an additional 10,041 shares during the last quarter. Yarger Wealth Strategies LLC raised its holdings in shares of United Parcel Service by 4.4% during the 4th quarter. Yarger Wealth Strategies LLC now owns 2,876 shares of the transportation company’s stock worth $363,000 after acquiring an additional 120 shares during the period. RDA Financial Network boosted its position in shares of United Parcel Service by 7.6% during the 4th quarter. RDA Financial Network now owns 4,097 shares of the transportation company’s stock valued at $517,000 after acquiring an additional 290 shares during the last quarter. Finally, Empirical Asset Management LLC grew its holdings in shares of United Parcel Service by 0.8% in the fourth quarter. Empirical Asset Management LLC now owns 12,036 shares of the transportation company’s stock valued at $1,518,000 after purchasing an additional 93 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

NYSE:UPS opened at $129.77 on Friday. The firm has a market capitalization of $110.74 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The business’s fifty day moving average price is $129.01 and its 200 day moving average price is $130.97. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays reaffirmed an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Susquehanna raised their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.10.

Insider Activity at United Parcel Service

In related 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 stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate 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.