Oppenheimer Asset Management Inc. bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 89,658 shares of the transportation company’s stock, valued at approximately $9,619,000.

Other hedge funds have also added to or reduced their stakes in the company. Tompkins Financial Corp raised its stake in 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 stake in 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 stake in 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 stake in 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 stake in 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 currently owned by hedge funds and other institutional investors.

United Parcel Service, Inc. (NYSE UPS) traded up 0.2019% during trading on Thursday, hitting $111.8053. The company had a trading volume of 311,381 shares. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The company has a market capitalization of $96.82 billion, a price-to-earnings ratio of 27.4909 and a beta of 0.88. The stock has a 50-day moving average of $110.96 and a 200 day moving average of $108.07.

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, topping the Zacks’ consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s dividend payout ratio is currently 81.57%.

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A number of analysts have issued reports on the company. 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, August 5th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the company from $115.00 to $128.00 in a report on Tuesday. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $116.00 target price 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 given a hold rating and six have issued a buy rating to the company. United Parcel Service currently has an average rating of “Hold” and a consensus target price of $114.79.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was 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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