Clear Street Group Inc. Purchases New Stake in United Parcel Service, Inc. $UPS

Clear Street Group Inc. purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,971 shares of the transportation company’s stock, valued at approximately $592,000.

Several other institutional investors also recently added to or reduced their stakes in UPS. IFC & Insurance Marketing Inc. bought a new position in United Parcel Service during the fourth quarter valued at about $25,000. Coston McIsaac & Partners grew its position in United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares during the period. Torren Management LLC purchased a new stake in United Parcel Service during the fourth quarter valued at about $29,000. Winch Advisory Services LLC lifted its holdings in United Parcel Service by 37.3% during the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 124 shares during the last quarter. Finally, Activest Wealth Management increased its stake in shares of United Parcel Service by 144.3% in the fourth quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock worth $40,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UPS. Evercore dropped their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Susquehanna upped their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. UBS Group dropped their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Citigroup upped their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $111.50.

United Parcel Service Trading Up 0.7%

Shares of United Parcel Service stock opened at $108.87 on Tuesday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a market cap of $92.54 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.72 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The company’s 50-day moving average price is $103.44 and its 200-day moving average price is $104.23.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the firm posted $1.49 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio is presently 106.15%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.