Wesbanco Bank Inc. Has $8.23 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

by · The Cerbat Gem

Wesbanco Bank Inc. decreased its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 0.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 60,381 shares of the transportation company’s stock after selling 268 shares during the period. Wesbanco Bank Inc.’s holdings in United Parcel Service were worth $8,232,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UPS. Scarborough Advisors LLC bought a new position in shares of United Parcel Service during the fourth quarter worth $87,000. Greenwood Capital Associates LLC bought a new position in United Parcel Service during the fourth quarter worth about $215,000. SageView Advisory Group LLC grew its stake in United Parcel Service by 114.7% in the fourth quarter. SageView Advisory Group LLC now owns 12,006 shares of the transportation company’s stock valued at $1,742,000 after acquiring an additional 6,413 shares during the period. Leo Wealth LLC bought a new stake in shares of United Parcel Service in the fourth quarter worth about $357,000. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of United Parcel Service by 0.5% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 22,460 shares of the transportation company’s stock worth $3,531,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.0 %

Shares of NYSE:UPS opened at $134.57 on Tuesday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $115.27 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. The company has a 50-day simple moving average of $129.39 and a 200 day simple moving average of $136.86.

United Parcel Service (NYSE:UPS – Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.54 earnings per share. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.85%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is presently 106.36%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Oppenheimer decreased their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Robert W. Baird reduced their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Susquehanna reduced their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, Barclays dropped their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.24.

View Our Latest Stock Analysis on United Parcel Service

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Company Profile

(Free Report)

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.

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