FARMERS & MERCHANTS TRUST Co OF LONG BEACH Buys 79 Shares of United Parcel Service, Inc. (NYSE:UPS)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,380 shares of the transportation company’s stock after acquiring an additional 79 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in United Parcel Service were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. GPS Wealth Strategies Group LLC lifted its stake in United Parcel Service by 2.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,892 shares of the transportation company’s stock valued at $393,000 after purchasing an additional 53 shares during the last quarter. EPG Wealth Management LLC lifted its stake in United Parcel Service by 1.8% in the second quarter. EPG Wealth Management LLC now owns 2,944 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 53 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in United Parcel Service by 0.4% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 13,853 shares of the transportation company’s stock valued at $2,881,000 after purchasing an additional 53 shares during the last quarter. Sargent Bickham Lagudis LLC lifted its stake in United Parcel Service by 9.4% in the first quarter. Sargent Bickham Lagudis LLC now owns 640 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 55 shares during the last quarter. Finally, Sage Rhino Capital LLC lifted its stake in United Parcel Service by 3.8% in the second quarter. Sage Rhino Capital LLC now owns 1,486 shares of the transportation company’s stock valued at $309,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 56.96% of the company’s stock.

UPS traded down $3.34 on Thursday, hitting $208.47. 2,518,700 shares of the company were exchanged, compared to its average volume of 3,202,358. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a fifty day simple moving average of $198.31 and a two-hundred day simple moving average of $201.70. The stock has a market capitalization of $181.19 billion, a PE ratio of 28.10, a price-to-earnings-growth 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 announced its quarterly earnings results on Tuesday, October 26th. The transportation company reported $2.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $23.18 billion during the quarter, compared to analysts’ expectations of $22.57 billion. During the same quarter in the prior year, the company posted $2.28 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities analysts expect that United Parcel Service, Inc. will post 11.58 earnings per share for the current year.

United Parcel Service declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 5th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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

Several equities analysts recently commented on the company. Credit Suisse Group dropped their price objective on United Parcel Service from $261.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 28th. JPMorgan Chase & Co. set a $227.00 target price on United Parcel Service in a research report on Tuesday, October 26th. Stifel Nicolaus increased their target price on United Parcel Service from $224.00 to $241.00 and gave the stock a “buy” rating in a research report on Wednesday, October 27th. Evercore ISI started coverage on United Parcel Service in a research report on Tuesday, September 28th. They set an “outperform” rating and a $225.00 target price on the stock. Finally, Morgan Stanley increased their target price on United Parcel Service from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service currently has a consensus rating of “Buy” and a consensus price target of $213.16.

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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