B&D White Capital Company LLC Purchases 102,367 Shares of United Parcel Service, Inc. $UPS

B&D White Capital Company LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1,402.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 109,667 shares of the transportation company’s stock after purchasing an additional 102,367 shares during the quarter. United Parcel Service comprises approximately 1.2% of B&D White Capital Company LLC’s portfolio, making the stock its 24th biggest holding. B&D White Capital Company LLC’s holdings in United Parcel Service were worth $9,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Group LLC lifted its holdings in shares of United Parcel Service by 3.9% during the second quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after buying an additional 97 shares in the last quarter. Bangor Savings Bank boosted its holdings in United Parcel Service by 1.9% in the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after purchasing an additional 101 shares during the period. Fortis Capital Advisors LLC grew its position in shares of United Parcel Service by 3.4% during the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock worth $350,000 after purchasing an additional 104 shares in the last quarter. Wright Investors Service Inc. grew its position in shares of United Parcel Service by 1.3% during the 2nd quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock worth $793,000 after purchasing an additional 104 shares in the last quarter. Finally, Webster Bank N. A. increased its holdings in shares of United Parcel Service by 13.8% during the second quarter. Webster Bank N. A. now owns 867 shares of the transportation company’s stock worth $88,000 after purchasing an additional 105 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the subject of several recent research reports. Bank of America cut their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Truist Financial upped their target price on United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. UBS Group increased their target price on United Parcel Service from $113.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $110.19.

United Parcel Service Price Performance

United Parcel Service stock opened at $105.41 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99. The stock has a market capitalization of $89.43 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 2.38 and a beta of 1.11. The stock has a fifty day moving average of $97.39 and a 200-day moving average of $92.93.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The business had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. During the same period last year, the firm posted $1.76 earnings per share. United Parcel Service’s revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.2%. United Parcel Service’s payout ratio is 101.39%.

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.