Steinberg Global Asset Management boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,317 shares of the transportation company’s stock after buying an additional 152 shares during the period. Steinberg Global Asset Management’s holdings in United Parcel Service were worth $3,575,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UPS. Atlas Brown Inc. increased its position in shares of United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock worth $246,000 after buying an additional 20 shares during the last quarter. BTIM Corp. increased its position in shares of United Parcel Service by 1.5% in the first quarter. BTIM Corp. now owns 470,649 shares of the transportation company’s stock worth $50,501,000 after buying an additional 7,066 shares during the last quarter. Dynamic Advisors Solutions LLC increased its position in shares of United Parcel Service by 18.6% in the first quarter. Dynamic Advisors Solutions LLC now owns 15,474 shares of the transportation company’s stock worth $1,660,000 after buying an additional 2,431 shares during the last quarter. Bank of The Ozarks increased its position in shares of United Parcel Service by 17.9% in the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock worth $625,000 after buying an additional 886 shares during the last quarter. Finally, Honeywell International Inc. increased its position in shares of United Parcel Service by 108.6% in the first quarter. Honeywell International Inc. now owns 402,600 shares of the transportation company’s stock worth $43,199,000 after buying an additional 209,600 shares during the last quarter. 53.20% of the stock is owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at 112.05 on Friday. The stock has a market capitalization of $96.92 billion, a PE ratio of 27.55 and a beta of 0.88. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.44. The stock has a 50 day moving average price of $110.66 and a 200-day moving average price of $108.10.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same period last year, the business posted $1.43 EPS. United Parcel Service’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.96%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s payout ratio is currently 81.57%.

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A number of brokerages have issued reports on UPS. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 price target on shares of United Parcel Service in a report on Friday, May 19th. Sanford C. Bernstein reissued an “outperform” rating and issued a $127.00 price target on shares of United Parcel Service in a report on Monday, July 3rd. Finally, BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $113.77.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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