Country Club Bank Has $3.24 Million Holdings in United Parcel Service, Inc. $UPS

Country Club Bank decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 45.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,362 shares of the transportation company’s stock after selling 32,326 shares during the quarter. Country Club Bank’s holdings in United Parcel Service were worth $3,242,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UPS. Evelyn Partners Investment Management Europe Ltd lifted its holdings in United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after buying an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new position in shares of United Parcel Service in the 2nd quarter valued at about $26,000. Saudi Central Bank bought a new stake in shares of United Parcel Service during the 1st quarter valued at about $32,000. Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter valued at about $33,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in United Parcel Service during the second quarter worth approximately $34,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. BMO Capital Markets reissued a “market perform” rating and issued a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Bank of America cut their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Stephens upgraded shares of United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. Citigroup upped their price objective on shares of United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $110.09.

United Parcel Service Stock Up 0.9%

United Parcel Service stock opened at $101.00 on Thursday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $136.99. The firm has a market capitalization of $85.68 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. The firm’s fifty day moving average price is $93.25 and its two-hundred day moving average price is $92.74. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The company had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

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.