BankPlus Trust Department Sells 5,402 Shares of United Parcel Service, Inc. (NYSE:UPS)

BankPlus Trust Department reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 82.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,138 shares of the transportation company's stock after selling 5,402 shares during the period. BankPlus Trust Department's holdings in United Parcel Service were worth $125,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new stake in United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service during the 4th quarter worth approximately $30,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on UPS. Oppenheimer lowered their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Loop Capital lowered their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Citigroup raised their price objective on United Parcel Service from $122.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday. BMO Capital Markets decreased their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $119.13.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $1.63 during trading on Friday, hitting $101.29. 4,337,400 shares of the company were exchanged, compared to its average volume of 5,257,434. The company has a market cap of $85.77 billion, a PE ratio of 14.77, a P/E/G ratio of 1.95 and a beta of 1.21. The stock has a 50 day moving average of $99.42 and a 200 day moving average of $108.94. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 earnings per share. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. United Parcel Service's payout ratio is currently 95.63%.

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.