Whittier Trust Co. of Nevada Inc. Has $1.26 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Whittier Trust Co. of Nevada Inc. reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,198 shares of the transportation company’s stock after selling 3,040 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in United Parcel Service were worth $1,259,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in shares of United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after buying an additional 8,475,698 shares during the period. Norges Bank acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $1,128,322,000. First Trust Advisors LP grew its stake in shares of United Parcel Service by 208.1% in the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after buying an additional 1,160,005 shares during the period. Spirepoint Private Client LLC bought a new position in United Parcel Service in the 1st quarter valued at about $160,787,000. Finally, Franklin Resources Inc. lifted its position in United Parcel Service by 11.4% in the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after acquiring an additional 980,317 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.2 %

UPS opened at $126.98 on Friday. The company has a fifty day moving average price of $132.82 and a 200-day moving average price of $141.56. The firm has a market capitalization of $108.77 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 1.90 and a beta of 0.98. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $172.75.

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

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UPS shares. Stephens dropped their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Oppenheimer lowered their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Evercore ISI lowered their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Finally, Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.20.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

United Parcel Service Company 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.