Clear Street Group Inc. Invests $592,000 in United Parcel Service, Inc. $UPS

Clear Street Group Inc. purchased a new position in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,971 shares of the transportation company’s stock, valued at approximately $592,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Destination Wealth Management lifted its position in shares of United Parcel Service by 286.7% in the 4th quarter. Destination Wealth Management now owns 27,547 shares of the transportation company’s stock worth $2,732,000 after purchasing an additional 20,424 shares during the period. Eaton Cambridge Inc. lifted its position in shares of United Parcel Service by 4.4% in the 4th quarter. Eaton Cambridge Inc. now owns 3,235 shares of the transportation company’s stock worth $321,000 after purchasing an additional 135 shares during the period. Bard Associates Inc. acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $61,000. Biondo Investment Advisors LLC lifted its position in shares of United Parcel Service by 3.8% in the 4th quarter. Biondo Investment Advisors LLC now owns 50,368 shares of the transportation company’s stock worth $4,996,000 after purchasing an additional 1,858 shares during the period. Finally, Aptus Capital Advisors LLC lifted its position in shares of United Parcel Service by 9.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 15,886 shares of the transportation company’s stock worth $1,576,000 after purchasing an additional 1,342 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group dropped their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Susquehanna boosted their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Citigroup boosted their target price on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Evercore dropped their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.50.

United Parcel Service Stock Performance

NYSE UPS opened at $108.87 on Tuesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $92.54 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.72 and a beta of 1.05. The company has a fifty day moving average price of $103.44 and a 200-day moving average price of $104.23.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the business posted $1.49 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.0%. United Parcel Service’s dividend payout ratio is presently 106.15%.

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.