STAR Financial Bank Sells 274 Shares of United Parcel Service, Inc. (NYSE:UPS)

STAR Financial Bank decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,949 shares of the transportation company’s stock after selling 274 shares during the period. STAR Financial Bank’s holdings in United Parcel Service were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cypress Capital Group grew its stake in shares of United Parcel Service by 2.2% during the third quarter. Cypress Capital Group now owns 17,565 shares of the transportation company’s stock valued at $2,395,000 after buying an additional 373 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in United Parcel Service in the 3rd quarter valued at $3,511,000. Citizens Financial Group Inc. RI increased its stake in United Parcel Service by 1.9% in the third quarter. Citizens Financial Group Inc. RI now owns 14,624 shares of the transportation company’s stock worth $1,994,000 after purchasing an additional 275 shares during the period. Moors & Cabot Inc. lifted its position in shares of United Parcel Service by 28.2% during the third quarter. Moors & Cabot Inc. now owns 16,877 shares of the transportation company’s stock worth $2,301,000 after purchasing an additional 3,715 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of United Parcel Service in the third quarter worth about $673,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE UPS opened at $132.07 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50 day simple moving average is $132.77 and its 200-day simple moving average is $134.40. The company has a market cap of $112.70 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 EPS. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UPS. TD Cowen initiated coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Susquehanna raised their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Bank of America raised their price objective on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus price target of $151.52.

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.