Wesbanco Bank Inc. Trims Stake in United Parcel Service, Inc. $UPS

Wesbanco Bank Inc. lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 18.4% in the 3rd quarter, Holdings Channel reports. The firm owned 46,949 shares of the transportation company’s stock after selling 10,597 shares during the quarter. Wesbanco Bank Inc.’s holdings in United Parcel Service were worth $3,922,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Cornerstone Wealth Group LLC lifted its stake in shares of United Parcel Service by 3.9% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after acquiring an additional 97 shares during the last quarter. CFS Investment Advisory Services LLC increased its stake in United Parcel Service by 2.6% in the third quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock worth $372,000 after purchasing an additional 108 shares during the period. Wealth Advisory Solutions LLC lifted its position in shares of United Parcel Service by 2.3% during the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock worth $431,000 after purchasing an additional 118 shares during the last quarter. Westside Investment Management Inc. lifted its position in shares of United Parcel Service by 14.8% during the second quarter. Westside Investment Management Inc. now owns 960 shares of the transportation company’s stock worth $97,000 after purchasing an additional 124 shares during the last quarter. Finally, Country Trust Bank boosted its stake in shares of United Parcel Service by 4.8% during the second quarter. Country Trust Bank now owns 2,747 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 125 shares during the period. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on UPS. Stephens raised their price target on shares of United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Wells Fargo & Company boosted their price target on United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. lifted their target price on United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Oppenheimer increased their price target on United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $113.67.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.7%

United Parcel Service stock opened at $118.76 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. The firm has a market cap of $100.75 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.87 and a beta of 1.11. The business has a fifty day moving average of $104.63 and a two-hundred day moving average of $94.23. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $123.70.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 EPS. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, February 17th. United Parcel Service’s dividend payout ratio is presently 100.00%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.