United Parcel Service, Inc. (NYSE:UPS) Holdings Reduced by Field & Main Bank

Field & Main Bank decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,880 shares of the transportation company’s stock after selling 190 shares during the period. Field & Main Bank’s holdings in United Parcel Service were worth $524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Canton Hathaway LLC grew its position in United Parcel Service by 20.0% in the 3rd quarter. Canton Hathaway LLC now owns 630 shares of the transportation company’s stock worth $115,000 after purchasing an additional 105 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in United Parcel Service by 2.4% in the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,380 shares of the transportation company’s stock worth $616,000 after purchasing an additional 79 shares during the last quarter. Stock Yards Bank & Trust Co. grew its position in United Parcel Service by 8.3% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 93,485 shares of the transportation company’s stock worth $17,024,000 after purchasing an additional 7,157 shares during the last quarter. Winthrop Advisory Group LLC grew its position in United Parcel Service by 14.5% in the 3rd quarter. Winthrop Advisory Group LLC now owns 2,276 shares of the transportation company’s stock worth $415,000 after purchasing an additional 289 shares during the last quarter. Finally, Becker Capital Management Inc. grew its position in United Parcel Service by 4.8% in the 3rd quarter. Becker Capital Management Inc. now owns 1,804 shares of the transportation company’s stock worth $329,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 56.96% of the company’s stock.

UPS stock traded down $3.34 during midday trading on Thursday, reaching $208.47. The company had a trading volume of 2,518,700 shares, compared to its average volume of 3,202,358. United Parcel Service, Inc. has a 1 year low of $154.76 and a 1 year high of $220.24. 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 has a market capitalization of $181.19 billion, a P/E ratio of 28.10, a PEG ratio of 1.52 and a beta of 1.11. The company has a 50 day moving average of $198.31 and a two-hundred day moving average of $201.70.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 26th. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $23.18 billion during the quarter, compared to the consensus estimate of $22.57 billion. During the same quarter in the prior year, the firm earned $2.28 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 11.58 earnings per share for the current year.

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

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

UPS has been the subject of several recent analyst reports. 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 report on Wednesday, October 27th. Credit Suisse Group decreased their price objective on shares of United Parcel Service from $261.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, July 28th. Stifel Nicolaus raised their target price on shares of United Parcel Service from $224.00 to $241.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. KeyCorp raised their target price on shares of United Parcel Service from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 27th. Finally, Evercore ISI initiated coverage on shares of United Parcel Service in a report on Tuesday, September 28th. They set an “outperform” rating and a $225.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $213.16.

United Parcel Service Company 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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