Whittier Trust Co. of Nevada Inc. reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,813 shares of the transportation company’s stock after selling 724 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in United Parcel Service were worth $2,080,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. V Wealth Management LLC purchased a new position in United Parcel Service during the second quarter worth approximately $102,000. Tompkins Financial Corp boosted its position 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 last quarter. First PREMIER Bank boosted its position 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 last quarter. Parkside Financial Bank & Trust boosted its position 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 last quarter. Finally, Ullmann Financial Group Inc. purchased a new position in United Parcel Service during the first quarter worth approximately $126,000. Institutional investors and hedge funds own 53.10% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded down 0.49% during mid-day trading on Thursday, hitting $111.03. The company had a trading volume of 695,550 shares. The company has a 50-day moving average price of $110.96 and a 200-day moving average price of $108.07. The company has a market capitalization of $96.15 billion, a price-to-earnings ratio of 27.30 and a beta of 0.88. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44.

United Parcel Service (NYSE:UPS) last released its 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 firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the prior year, the firm earned $1.43 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current year.

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

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A number of research firms have recently commented on UPS. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Citigroup Inc. upgraded 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 research note on Tuesday. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Seaport Global Securities began coverage on United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock 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 company’s stock in a transaction 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 SEC, which can be accessed through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction 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. 0.59% of the stock is owned by corporate insiders.

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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