Town & Country Bank & Trust CO dba First Bankers Trust CO Reduces Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Town & Country Bank & Trust CO dba First Bankers Trust CO decreased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 28.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,685 shares of the transportation company's stock after selling 3,523 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in United Parcel Service were worth $955,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Nexus Investment Management ULC lifted its holdings in United Parcel Service by 0.8% in the first quarter. Nexus Investment Management ULC now owns 212,381 shares of the transportation company's stock valued at $23,360,000 after acquiring an additional 1,781 shares during the period. Exeter Financial LLC lifted its holdings in United Parcel Service by 9.9% in the first quarter. Exeter Financial LLC now owns 22,823 shares of the transportation company's stock valued at $2,510,000 after acquiring an additional 2,060 shares during the period. Farmers Trust Co. lifted its holdings in United Parcel Service by 21.4% in the first quarter. Farmers Trust Co. now owns 3,430 shares of the transportation company's stock valued at $377,000 after acquiring an additional 605 shares during the period. Sage Capital Advisors llc lifted its holdings in United Parcel Service by 79.1% in the first quarter. Sage Capital Advisors llc now owns 72,158 shares of the transportation company's stock valued at $7,937,000 after acquiring an additional 31,858 shares during the period. Finally, Agate Pass Investment Management LLC lifted its holdings in United Parcel Service by 93.0% in the first quarter. Agate Pass Investment Management LLC now owns 9,235 shares of the transportation company's stock valued at $1,016,000 after acquiring an additional 4,450 shares during the period. Institutional investors own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Truist Financial lowered their target price on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Bank of America lifted their price objective on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Susquehanna cut their price objective on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research note on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Price Performance

Shares of UPS traded down $0.18 during mid-day trading on Monday, hitting $97.37. 2,904,482 shares of the stock were exchanged, compared to its average volume of 5,137,595. The company has a market cap of $82.45 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The firm has a 50-day moving average of $98.56 and a two-hundred day moving average of $114.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

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.