Commerce Bank Has $13.79 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Commerce Bank grew its position in United Parcel Service, Inc. (NYSE:UPS) by 4.0% during the 1st quarter, Holdings Channel reports. The firm owned 92,794 shares of the transportation company’s stock after purchasing an additional 3,573 shares during the quarter. Commerce Bank’s holdings in United Parcel Service were worth $13,792,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $26,000. Life Planning Partners Inc bought a new stake in United Parcel Service during the 4th quarter worth about $28,000. Northwest Financial Advisors acquired a new stake in United Parcel Service in the 4th quarter valued at about $28,000. Pineridge Advisors LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $31,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $31,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on UPS shares. Wells Fargo & Company initiated coverage on United Parcel Service in a research note on Friday, June 7th. They issued an “overweight” rating and a $156.00 target price for the company. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Wednesday, April 3rd. Oppenheimer upped their target price on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI decreased their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded up $0.38 on Wednesday, reaching $134.66. 1,221,390 shares of the company’s stock were exchanged, compared to its average volume of 3,986,588. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $115.21 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.72 and a beta of 0.98. The company has a fifty day moving average of $140.03 and a 200-day moving average of $147.28. United Parcel Service, Inc. has a twelve month low of $132.90 and a twelve month high of $192.98.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The business’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

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.