Plimoth Trust Co. LLC Trims Position in United Parcel Service, Inc. (NYSE:UPS)

Plimoth Trust Co. LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 18.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,977 shares of the transportation company's stock after selling 2,865 shares during the period. Plimoth Trust Co. LLC's holdings in United Parcel Service were worth $1,427,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Friedenthal Financial bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $878,000. Steel Grove Capital Advisors LLC grew its position in shares of United Parcel Service by 454.8% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 14,480 shares of the transportation company's stock worth $1,593,000 after buying an additional 11,870 shares during the last quarter. Community Bank N.A. grew its position in shares of United Parcel Service by 13.5% in the 1st quarter. Community Bank N.A. now owns 43,205 shares of the transportation company's stock worth $4,752,000 after buying an additional 5,144 shares during the last quarter. PSI Advisors LLC grew its position in shares of United Parcel Service by 53.0% in the 1st quarter. PSI Advisors LLC now owns 2,227 shares of the transportation company's stock worth $245,000 after buying an additional 771 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of United Parcel Service by 4.7% during the first quarter. State of Alaska Department of Revenue now owns 94,906 shares of the transportation company's stock valued at $10,437,000 after purchasing an additional 4,295 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UPS. Wells Fargo & Company restated an "equal weight" rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Barclays dropped their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Galvan Research dropped their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Stock Up 0.2%

Shares of UPS stock traded up $0.15 during mid-day trading on Friday, hitting $99.36. The company's stock had a trading volume of 11,093,220 shares, compared to its average volume of 5,205,517. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The business has a 50-day moving average price of $97.77 and a 200 day moving average price of $111.65. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $84.14 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.74 and a beta of 1.22.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

About United Parcel Service

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.