Tompkins Financial Corp Has $6.89 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Tompkins Financial Corp lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 38,439 shares of the transportation company’s stock after selling 1,648 shares during the period. United Parcel Service comprises 1.1% of Tompkins Financial Corp’s holdings, making the stock its 28th largest holding. Tompkins Financial Corp’s holdings in United Parcel Service were worth $6,890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. RB Capital Management LLC raised its stake in United Parcel Service by 3.1% during the first quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock worth $577,000 after buying an additional 81 shares during the last quarter. Ergoteles LLC bought a new position in United Parcel Service during the first quarter worth $1,162,000. Halbert Hargrove Global Advisors LLC raised its stake in United Parcel Service by 10.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock worth $264,000 after buying an additional 112 shares during the last quarter. First Western Trust Bank acquired a new stake in United Parcel Service during the first quarter worth approximately $515,000. Finally, Stevens Capital Management LP acquired a new stake in United Parcel Service during the first quarter worth approximately $701,000. 58.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. TD Cowen decreased their target price on United Parcel Service from $190.00 to $185.00 and set a “market perform” rating for the company in a research note on Thursday, September 14th. Evercore ISI cut their target price on shares of United Parcel Service from $185.00 to $179.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 12th. Atlantic Securities assumed coverage on shares of United Parcel Service in a research note on Tuesday, June 6th. They set a “neutral” rating and a $162.00 target price on the stock. UBS Group downgraded United Parcel Service from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $198.00 to $185.00 in a research note on Wednesday, August 9th. Finally, BMO Capital Markets upped their price target on United Parcel Service from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $186.89.

United Parcel Service Stock Performance

UPS traded down $1.59 during midday trading on Tuesday, reaching $156.85. The company had a trading volume of 353,774 shares, compared to its average volume of 3,319,716. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $134.02 billion, a PE ratio of 13.75, a P/E/G ratio of 1.70 and a beta of 1.09. United Parcel Service, Inc. has a 12-month low of $154.87 and a 12-month high of $197.80. The business has a 50-day moving average price of $175.33 and a two-hundred day moving average price of $178.27.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, August 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.05. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $23.04 billion. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. The business’s revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.29 earnings per share. On average, sell-side analysts expect that United Parcel Service, Inc. will post 9.46 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 14th were paid a $1.62 dividend. The ex-dividend date was Friday, August 11th. This represents a $6.48 annualized dividend and a dividend yield of 4.13%. United Parcel Service’s payout ratio is 56.20%.

Insider Transactions at United Parcel Service

In other news, insider Nando Cesarone sold 22,825 shares of United Parcel Service stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $171.70, for a total value of $3,919,052.50. Following the completion of the transaction, the insider now owns 1 shares in the company, valued at $171.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.12% of the company’s stock.

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.