Argent Trust Co Has $1.49 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Argent Trust Co increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 30.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,985 shares of the transportation company’s stock after purchasing an additional 3,749 shares during the period. Argent Trust Co’s holdings in United Parcel Service were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in United Parcel Service by 8.9% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,350 shares of the transportation company’s stock worth $392,000 after purchasing an additional 274 shares during the period. Savior LLC acquired a new position in United Parcel Service in the 4th quarter worth $25,000. FinTrust Capital Advisors LLC boosted its stake in United Parcel Service by 20.1% in the 4th quarter. FinTrust Capital Advisors LLC now owns 2,000 shares of the transportation company’s stock worth $234,000 after purchasing an additional 335 shares during the period. Davis R M Inc. boosted its stake in United Parcel Service by 13.6% in the 4th quarter. Davis R M Inc. now owns 2,001 shares of the transportation company’s stock worth $234,000 after purchasing an additional 240 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in United Parcel Service by 105.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,176 shares of the transportation company’s stock worth $1,074,000 after purchasing an additional 4,719 shares during the period. 56.64% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on UPS. Oppenheimer reduced their price objective on shares of United Parcel Service from $124.00 to $106.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. UBS Group downgraded shares of United Parcel Service from a “buy” rating to a “neutral” rating in a research note on Sunday, April 19th. Morgan Stanley reduced their price objective on shares of United Parcel Service from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Wednesday, April 29th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $144.00 target price on shares of United Parcel Service in a report on Friday, January 31st. Finally, Credit Suisse Group dropped their target price on shares of United Parcel Service from $105.00 to $101.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $110.32.

UPS traded up $0.42 during midday trading on Friday, hitting $96.72. The company had a trading volume of 2,396,741 shares, compared to its average volume of 4,781,095. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $125.31. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 8.06. The company has a market capitalization of $83.90 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.37 and a beta of 0.82. The stock’s 50 day moving average price is $96.01 and its 200 day moving average price is $106.78.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.08). The company had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $17.17 billion. United Parcel Service had a net margin of 5.73% and a return on equity of 152.81%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. Research analysts predict that United Parcel Service, Inc. will post 5.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Friday, May 22nd. United Parcel Service’s dividend payout ratio is currently 53.65%.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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