City Holding Co. Has $1.03 Million Position in United Parcel Service, Inc. (NYSE:UPS)

City Holding Co. cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,161 shares of the transportation company’s stock after selling 1,620 shares during the quarter. City Holding Co.’s holdings in United Parcel Service were worth $1,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cigna Investments Inc. New raised its position in shares of United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after buying an additional 75 shares in the last quarter. Banco Santander S.A. increased its stake in United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after acquiring an additional 79 shares during the period. Gleason Group Inc. raised its holdings in United Parcel Service by 1.2% in the 3rd quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after acquiring an additional 80 shares in the last quarter. Tradewinds LLC. lifted its position in shares of United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after acquiring an additional 81 shares during the period. Finally, OLD Second National Bank of Aurora grew its holdings in shares of United Parcel Service by 1.2% during the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock worth $979,000 after purchasing an additional 83 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

United Parcel Service Price Performance

United Parcel Service stock opened at $129.77 on Tuesday. The stock’s 50 day moving average is $128.95 and its 200 day moving average is $130.87. United Parcel Service, Inc. has a one year low of $121.56 and a one year high of $161.35. The firm has a market cap of $110.74 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.

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

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UPS shares. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Thursday, January 16th. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. UBS Group boosted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company reduced their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.10.

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.