Thomasville National Bank Reduces Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Thomasville National Bank lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.1% during the third quarter, Holdings Channel reports. The fund owned 2,763 shares of the transportation company’s stock after selling 210 shares during the quarter. Thomasville National Bank’s holdings in United Parcel Service were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in UPS. Willis Investment Counsel lifted its stake in shares of United Parcel Service by 0.8% in the 3rd quarter. Willis Investment Counsel now owns 169,801 shares of the transportation company’s stock valued at $23,151,000 after purchasing an additional 1,343 shares during the period. Viking Fund Management LLC increased its holdings in United Parcel Service by 33.3% in the third quarter. Viking Fund Management LLC now owns 40,000 shares of the transportation company’s stock valued at $5,454,000 after buying an additional 10,000 shares in the last quarter. Gilman Hill Asset Management LLC boosted its stake in shares of United Parcel Service by 68.7% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 58,800 shares of the transportation company’s stock worth $8,017,000 after acquiring an additional 23,953 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of United Parcel Service by 2,441.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 8,641 shares of the transportation company’s stock valued at $1,178,000 after acquiring an additional 8,301 shares during the period. Finally, Brown Miller Wealth Management LLC increased its stake in shares of United Parcel Service by 7.5% in the 3rd quarter. Brown Miller Wealth Management LLC now owns 10,916 shares of the transportation company’s stock valued at $1,488,000 after purchasing an additional 757 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

United Parcel Service Trading Down 0.0 %

Shares of UPS opened at $134.57 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $129.39 and a 200 day moving average price of $136.86. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The firm has a market capitalization of $115.27 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.95 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results 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). The firm had revenue of $21.82 billion for 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 firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.54 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 106.36%.

Wall Street Analysts Forecast Growth

Several analysts have commented on UPS shares. The Goldman Sachs Group dropped their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Stephens cut their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Oppenheimer decreased their price objective 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. Wells Fargo & Company boosted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Stifel Nicolaus decreased their price target on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.24.

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.