FDO Partners LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,328 shares of the transportation company’s stock, valued at approximately $2,610,000.

A number of other institutional investors have also modified their holdings of the company. Tompkins Financial Corp raised its position in shares of United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares during the period. First PREMIER Bank raised its position in shares of United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock worth $107,000 after buying an additional 100 shares during the period. Parkside Financial Bank & Trust raised its position in shares of United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after buying an additional 160 shares during the period. Security National Trust Co. raised its position in shares of United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock worth $134,000 after buying an additional 102 shares during the period. Finally, Financial Architects Inc raised its position in shares of United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock worth $140,000 after buying an additional 163 shares during the period. 53.10% of the stock is owned by institutional investors and hedge funds.

Shares of United Parcel Service, Inc. (UPS) traded up 0.24% during midday trading on Wednesday, hitting $112.16. The stock had a trading volume of 149,567 shares. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The stock has a market cap of $97.02 billion, a PE ratio of 27.58 and a beta of 0.88. The stock has a 50-day moving average of $110.81 and a 200 day moving average of $108.17.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The firm had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.97%. United Parcel Service’s dividend payout ratio is 81.57%.

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A number of brokerages recently issued reports on UPS. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub lowered United Parcel Service from a “sell” rating to a “strong sell” rating in a report on Saturday. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $115.00 to $128.00 in a report on Tuesday. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $114.79.

In other news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The disclosure for this sale can be found here. Company 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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