Gulf International Bank UK Ltd raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,089 shares of the transportation company’s stock after buying an additional 3,050 shares during the period. Gulf International Bank UK Ltd’s holdings in United Parcel Service were worth $23,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. V Wealth Management LLC acquired a new position in United Parcel Service during the second quarter valued at approximately $102,000. Tompkins Financial Corp increased 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 valued at $106,000 after buying an additional 75 shares during the period. First PREMIER Bank increased 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 valued at $107,000 after buying an additional 100 shares during the period. Parkside Financial Bank & Trust increased 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 valued at $116,000 after buying an additional 160 shares during the period. Finally, Ullmann Financial Group Inc. acquired a new position in United Parcel Service during the first quarter valued at approximately $126,000. 53.10% of the stock is owned by institutional investors.

United Parcel Service, Inc. (UPS) traded up 1.05% during mid-day trading on Friday, hitting $112.08. 1,002,306 shares of the stock traded hands. The company’s 50 day moving average is $111.01 and its 200 day moving average is $108.09. The company has a market cap of $97.06 billion, a P/E ratio of 27.56 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.

United Parcel Service (NYSE:UPS) last issued its earnings results 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 firm had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. United Parcel Service’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts expect that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The business 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 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 is 81.57%.

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Several research firms have issued reports on UPS. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Citigroup Inc. upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their target price for the stock from $115.00 to $128.00 in a research note on Tuesday. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Finally, BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $114.79.

In related news, 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 transaction of $394,182.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $214,980.00. The disclosure for this sale can be found here. 0.59% of the stock is currently 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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