Traynor Capital Management Inc. raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the first quarter, Holdings Channel reports. The firm owned 6,451 shares of the transportation company’s stock after buying an additional 188 shares during the period. Traynor Capital Management Inc.’s holdings in United Parcel Service were worth $689,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. MAI Capital Management raised its position in shares of United Parcel Service by 30.7% in the first quarter. MAI Capital Management now owns 39,647 shares of the transportation company’s stock worth $4,254,000 after buying an additional 9,305 shares during the period. AXA raised its position in shares of United Parcel Service by 4.0% in the first quarter. AXA now owns 473,765 shares of the transportation company’s stock worth $50,835,000 after buying an additional 18,229 shares during the period. Deprince Race & Zollo Inc. raised its position in shares of United Parcel Service by 7.2% in the first quarter. Deprince Race & Zollo Inc. now owns 457,222 shares of the transportation company’s stock worth $49,060,000 after buying an additional 30,599 shares during the period. Cadence Capital Management LLC raised its position in shares of United Parcel Service by 30.4% in the first quarter. Cadence Capital Management LLC now owns 117,693 shares of the transportation company’s stock worth $12,628,000 after buying an additional 27,459 shares during the period. Finally, Steinberg Global Asset Management raised its position in shares of United Parcel Service by 0.5% in the first quarter. Steinberg Global Asset Management now owns 33,317 shares of the transportation company’s stock worth $3,575,000 after buying an additional 152 shares during the period. 53.10% of the stock is currently owned by institutional investors.

United Parcel Service, Inc. (UPS) opened at 111.96 on Monday. The firm has a market capitalization of $96.85 billion, a price-to-earnings ratio of 27.53 and a beta of 0.88. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The company’s 50-day moving average price is $110.66 and its 200-day moving average price is $108.10.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) 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 business had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

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

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A number of research analysts have recently commented on the company. BidaskClub lowered United Parcel Service from a “sell” rating to a “strong sell” rating in a report on Saturday. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $113.77.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction dated 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 is available at this link. Also, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction dated 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. Corporate insiders own 0.59% of the company’s stock.

United Parcel Service Company Profile

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.

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

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