FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $616,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,380 shares of the transportation company’s stock after purchasing an additional 79 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in United Parcel Service were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intrepid Capital Management Inc. acquired a new position in shares of United Parcel Service in the 2nd quarter worth approximately $3,492,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of United Parcel Service in the 2nd quarter worth approximately $21,208,000. Tobam boosted its holdings in shares of United Parcel Service by 28.9% in the 2nd quarter. Tobam now owns 74,922 shares of the transportation company’s stock worth $15,582,000 after acquiring an additional 16,778 shares in the last quarter. Clark Capital Management Group Inc. boosted its holdings in shares of United Parcel Service by 603.7% in the 2nd quarter. Clark Capital Management Group Inc. now owns 21,584 shares of the transportation company’s stock worth $4,489,000 after acquiring an additional 18,517 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its holdings in shares of United Parcel Service by 4.7% in the 2nd quarter. Congress Asset Management Co. MA now owns 53,590 shares of the transportation company’s stock worth $11,145,000 after acquiring an additional 2,426 shares in the last quarter. 56.96% of the stock is currently owned by institutional investors.

Shares of UPS traded down $3.34 during trading hours on Thursday, reaching $208.47. The stock had a trading volume of 2,518,700 shares, compared to its average volume of 3,202,358. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.73. United Parcel Service, Inc. has a 52 week low of $154.76 and a 52 week high of $220.24. The firm has a 50-day moving average of $198.31 and a 200 day moving average of $201.70. The company has a market cap of $181.19 billion, a P/E ratio of 28.10, a P/E/G ratio of 1.52 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 26th. The transportation company reported $2.71 EPS for the quarter, beating the Zacks’ consensus estimate of $2.55 by $0.16. United Parcel Service had a net margin of 6.92% and a return on equity of 127.98%. The business had revenue of $23.18 billion during the quarter, compared to analysts’ expectations of $22.57 billion. During the same quarter in the prior year, the company earned $2.28 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities analysts expect that United Parcel Service, Inc. will post 11.58 earnings per share for the current year.

United Parcel Service announced that its board has approved a share buyback plan on Thursday, August 5th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the transportation company to buy up to 3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 8th. Investors of record on Monday, November 22nd will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, November 19th. United Parcel Service’s dividend payout ratio is currently 54.99%.

UPS has been the topic of several recent analyst reports. UBS Group reissued a “buy” rating on shares of United Parcel Service in a report on Tuesday, August 17th. Bank of America boosted their price objective on shares of United Parcel Service from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 27th. Stifel Nicolaus boosted their price objective on shares of United Parcel Service from $224.00 to $241.00 and gave the stock a “buy” rating in a research report on Wednesday, October 27th. Raymond James boosted their price objective on shares of United Parcel Service from $240.00 to $260.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 27th. Finally, Loop Capital cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $226.00 price objective for the company. in a research report on Wednesday, October 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has an average rating of “Buy” and an average target price of $213.16.

United Parcel Service Profile

United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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