Wesbanco Bank Inc. Has $7.47 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Wesbanco Bank Inc. lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,268 shares of the transportation company’s stock after selling 1,113 shares during the period. Wesbanco Bank Inc.’s holdings in United Parcel Service were worth $7,474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Finley Financial LLC bought a new stake in United Parcel Service during the 4th quarter worth $335,000. Bourne Lent Asset Management Inc. grew its position in United Parcel Service by 8.4% during the 4th quarter. Bourne Lent Asset Management Inc. now owns 25,658 shares of the transportation company’s stock worth $3,235,000 after acquiring an additional 1,999 shares during the last quarter. Simon Quick Advisors LLC grew its position in United Parcel Service by 6.7% during the 4th quarter. Simon Quick Advisors LLC now owns 4,066 shares of the transportation company’s stock worth $513,000 after acquiring an additional 257 shares during the last quarter. Sheets Smith Wealth Management grew its position in United Parcel Service by 32.9% during the 4th quarter. Sheets Smith Wealth Management now owns 2,430 shares of the transportation company’s stock worth $306,000 after acquiring an additional 602 shares during the last quarter. Finally, Octavia Wealth Advisors LLC grew its position in United Parcel Service by 70.7% during the 4th quarter. Octavia Wealth Advisors LLC now owns 7,995 shares of the transportation company’s stock worth $1,008,000 after acquiring an additional 3,311 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’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 value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

Shares of UPS opened at $132.59 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50 day moving average price of $128.97 and a two-hundred day moving average price of $130.81. The firm has a market capitalization of $113.15 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.87 and a beta of 1.00. United Parcel Service, Inc. has a 52 week low of $121.56 and a 52 week high of $161.35.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.92%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

UPS has been the topic of several recent research reports. Stifel Nicolaus lifted their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Citigroup cut their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group cut their target price 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. Two equities research analysts have rated the stock with a sell rating, five have assigned 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.38.

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.