Brown Advisory Securities LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.9% during the first quarter, Holdings Channel reports. The fund owned 9,434 shares of the transportation company’s stock after buying an additional 526 shares during the period. Brown Advisory Securities LLC’s holdings in United Parcel Service were worth $1,013,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock worth $159,000 after buying an additional 4 shares during the last quarter. Weatherly Asset Management L. P. raised its position in United Parcel Service by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock worth $446,000 after buying an additional 15 shares during the last quarter. Bollard Group LLC raised its position in United Parcel Service by 0.8% in the first quarter. Bollard Group LLC now owns 2,222 shares of the transportation company’s stock worth $238,000 after buying an additional 17 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in United Parcel Service by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after buying an additional 18 shares during the last quarter. Finally, Fort Pitt Capital Group LLC raised its position in United Parcel Service by 1.0% in the first quarter. Fort Pitt Capital Group LLC now owns 2,332 shares of the transportation company’s stock worth $250,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 53.10% of the company’s stock.

United Parcel Service, Inc. (UPS) traded up 1.16% during midday trading on Friday, reaching $112.21. The company’s stock had a trading volume of 519,251 shares. The firm has a market capitalization of $97.17 billion, a P/E ratio of 27.59 and a beta of 0.88. The company’s 50-day moving average is $111.01 and its 200 day moving average is $108.09. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the company posted $1.43 EPS. The company’s revenue was up 7.7% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be paid 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 2.99%. United Parcel Service’s dividend payout ratio (DPR) is 81.57%.

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Several equities analysts recently weighed in on the company. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Seaport Global Securities assumed coverage on United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating for the company. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price target for the company from $115.00 to $128.00 in a research note on Tuesday. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $116.00 price target on shares of United Parcel Service in a research note on Friday, May 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. United Parcel Service has an average rating of “Hold” and an average target price of $114.79.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. 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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