Logan Capital Management Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 15.1% during the first quarter, Holdings Channel reports. The fund owned 4,586 shares of the transportation company’s stock after buying an additional 603 shares during the period. Logan Capital Management Inc.’s holdings in United Parcel Service were worth $492,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gradient Investments LLC increased its position in United Parcel Service by 13.9% in the first quarter. Gradient Investments LLC now owns 56,915 shares of the transportation company’s stock worth $6,107,000 after buying an additional 6,930 shares during the last quarter. 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 worth $107,000 after buying an additional 100 shares during the last quarter. Jacobs & Co. CA increased its position in United Parcel Service by 3.5% in the first quarter. Jacobs & Co. CA now owns 70,512 shares of the transportation company’s stock worth $7,566,000 after buying an additional 2,368 shares during the last quarter. First National Bank of Omaha increased its position in United Parcel Service by 1.5% in the first quarter. First National Bank of Omaha now owns 75,310 shares of the transportation company’s stock worth $8,081,000 after buying an additional 1,097 shares during the last quarter. Finally, Farmers Trust Co. increased its position in United Parcel Service by 1.7% in the first quarter. Farmers Trust Co. now owns 2,226 shares of the transportation company’s stock worth $239,000 after buying an additional 37 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 1.11% during mid-day trading on Friday, hitting $112.15. The stock had a trading volume of 629,351 shares. The firm’s 50-day moving average price is $111.01 and its 200-day moving average price is $108.09. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44. The stock has a market cap of $97.12 billion, a PE ratio of 27.58 and a beta of 0.88.

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. The company had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. United Parcel Service’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. On average, equities analysts expect that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s dividend payout ratio is presently 81.57%.

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UPS has been the subject of a number of research reports. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a report on Friday, May 19th. Seaport Global Securities initiated coverage on United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating for the company. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a report on Monday, July 3rd. Two 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’s stock. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $114.79.

In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James J. Barber sold 3,556 shares of the 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. 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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