Clear Creek Financial Management LLC Has $1.49 Million Position in United Parcel Service, Inc. $UPS

Key Points

• Clear Creek Financial Management LLC increased its investment in United Parcel Service by 64.7% during the second quarter, reaching a total value of $1.49 million.
• United Parcel Service reported earnings of $1.55 EPS, slightly below the estimate of $1.56 EPS, and its quarterly revenue was $21.20 billion, a decrease of 2.7% year-over-year.
• The company announced a quarterly dividend of $1.64 per share with a current dividend yield of 7.7%, while insiders have collectively purchased 17,182 shares in the last 90 days.

Clear Creek Financial Management LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 64.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,805 shares of the transportation company's stock after acquiring an additional 5,814 shares during the period. Clear Creek Financial Management LLC's holdings in United Parcel Service were worth $1,494,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service during the 1st quarter worth about $26,000. Citizens National Bank Trust Department boosted its position in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Hemington Wealth Management boosted its position in shares of United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank bought a new position in shares of United Parcel Service during the 1st quarter worth about $32,000. Finally, Flaharty Asset Management LLC bought a new position in shares of United Parcel Service during the 1st quarter worth about $33,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $85.28 on Friday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The firm's 50-day simple moving average is $85.77 and its 200 day simple moving average is $94.64. 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 stock has a market cap of $72.28 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.59 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the business earned $1.79 EPS. United Parcel Service's quarterly revenue was down 2.7% compared to the same quarter last year. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.7%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Insiders Place Their Bets

In other news, Director Christiana Smith Shi bought 500 shares of the company's stock in a transaction on Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, 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. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wolfe Research cut their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. Bank of America cut their price objective on shares of United Parcel Service from $83.00 to $81.00 and set an "underperform" rating on the stock in a research report on Friday, September 26th. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 30th. Wall Street Zen cut shares of United Parcel Service from a "hold" rating to a "sell" rating in a research report on Saturday, September 20th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $96.00 price target (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $109.38.

United Parcel Service 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.

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