Clark & Stuart Inc Grows Stock Holdings in United Parcel Service, Inc. $UPS

Clark & Stuart Inc increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,478 shares of the transportation company’s stock after purchasing an additional 3,450 shares during the period. United Parcel Service makes up about 4.7% of Clark & Stuart Inc’s portfolio, making the stock its 8th biggest holding. Clark & Stuart Inc’s holdings in United Parcel Service were worth $6,307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bangor Savings Bank lifted its holdings in shares of United Parcel Service by 1.9% during the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after acquiring an additional 101 shares during the period. First Dallas Securities Inc. grew its holdings in United Parcel Service by 0.9% during the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after acquiring an additional 102 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its holdings in United Parcel Service by 1.4% in the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 103 shares during the period. Fortis Capital Advisors LLC increased its stake in shares of United Parcel Service by 3.4% in the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after buying an additional 104 shares during the period. Finally, Wright Investors Service Inc. raised its holdings in United Parcel Service by 1.3% during the 2nd quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock worth $793,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director directly owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Carol B. Tome purchased 11,682 shares of the business’s stock in a transaction on Friday, August 1st. The stock was bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

NYSE:UPS opened at $86.61 on Tuesday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The firm has a market cap of $73.41 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 1.60 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The business’s fifty day moving average is $85.91 and its 200 day moving average is $94.97.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.79 EPS. Research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BMO Capital Markets reissued a “market perform” rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. UBS Group lowered their target price on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a report on Friday. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective on the stock in a report on Thursday, July 3rd. Wolfe Research reduced their target price on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, July 1st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $110.16.

United Parcel Service Company Profile

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.