First United Bank & Trust Sells 438 Shares of United Parcel Service, Inc. (NYSE:UPS)

First United Bank & Trust lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,003 shares of the transportation company’s stock after selling 438 shares during the period. First United Bank & Trust’s holdings in United Parcel Service were worth $1,457,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Intrepid Capital Management Inc. acquired a new position in United Parcel Service in the second quarter worth about $3,492,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of United Parcel Service in the second quarter valued at approximately $21,208,000. Tobam boosted its stake in United Parcel Service by 28.9% in the second quarter. Tobam now owns 74,922 shares of the transportation company’s stock valued at $15,582,000 after acquiring an additional 16,778 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in shares of United Parcel Service by 603.7% during the second 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 during the period. Finally, Congress Asset Management Co. MA increased its stake in 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 valued at $11,145,000 after buying an additional 2,426 shares during the last quarter. 56.96% of the stock is owned by hedge funds and other institutional investors.

UPS has been the topic of several recent analyst reports. Oppenheimer boosted their price objective on shares of United Parcel Service from $222.00 to $236.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 27th. JPMorgan Chase & Co. set a $227.00 price objective on shares of United Parcel Service in a report on Tuesday, October 26th. Morgan Stanley boosted their price objective on shares of United Parcel Service from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Wednesday, October 27th. Barclays upped their price target on shares of United Parcel Service from $230.00 to $235.00 and gave the stock an “equal weight” rating in a 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $213.16.

Shares of United Parcel Service stock opened at $208.47 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.73. The company’s fifty day simple moving average is $198.31 and its two-hundred day simple moving average is $201.70. The company has a market cap of $181.19 billion, a P/E ratio of 28.10, a PEG ratio of 1.52 and a beta of 1.11. United Parcel Service, Inc. has a 12-month low of $154.76 and a 12-month high of $220.24.

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

United Parcel Service announced that its Board of Directors has approved a share buyback plan on Thursday, August 5th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 8th. Stockholders of record on Monday, November 22nd will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, November 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 54.99%.

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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