Country Club Bank Has $8.18 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Country Club Bank boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 27.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,555 shares of the transportation company's stock after buying an additional 16,015 shares during the quarter. Country Club Bank's holdings in United Parcel Service were worth $8,176,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UPS. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service during the 4th quarter worth about $26,000. Pinney & Scofield Inc. bought a new position in United Parcel Service during the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC bought a new position in United Parcel Service during the 4th quarter worth about $28,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Down 1.6%

NYSE UPS traded down $1.63 on Friday, reaching $101.29. The company had a trading volume of 4,337,400 shares, compared to its average volume of 5,257,434. The firm has a market cap of $85.77 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.95 and a beta of 1.21. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The business has a 50 day moving average of $99.42 and a two-hundred day moving average of $108.94. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the prior year, the business posted $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. United Parcel Service's payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UPS. UBS Group decreased their price objective on United Parcel Service from $128.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Citigroup raised their price objective on shares of United Parcel Service from $122.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday. Galvan Research cut their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research report on Thursday, May 1st. Finally, Truist Financial decreased their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus price target of $119.13.

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.