Two Sigma Securities LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the first quarter, Holdings Channel reports. The firm purchased 12,582 shares of the transportation company’s stock, valued at approximately $1,350,000.

A number of other hedge funds also recently added to or reduced their stakes in UPS. Gradient Investments LLC raised its stake 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 valued at $6,107,000 after buying an additional 6,930 shares during the last quarter. 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 valued at $107,000 after buying an additional 100 shares during the last quarter. Jacobs & Co. CA raised its stake 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 valued at $7,566,000 after buying an additional 2,368 shares during the last quarter. First National Bank of Omaha raised its stake 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 valued at $8,081,000 after buying an additional 1,097 shares during the last quarter. Finally, Farmers Trust Co. raised its stake 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 valued at $239,000 after buying an additional 37 shares during the last quarter. Institutional investors own 53.10% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 1.04% during midday trading on Friday, reaching $112.07. The company had a trading volume of 689,471 shares. The company’s 50 day moving average price is $111.01 and its 200-day moving average price is $108.09. The company has a market capitalization of $97.05 billion, a P/E ratio of 27.56 and a beta of 0.88. 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 released its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal 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. 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 presently 81.57%.

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UPS has been the topic of several recent 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. reaffirmed an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research report on Friday, May 19th. Seaport Global Securities initiated coverage on United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating on the stock. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a research 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. The stock currently has a consensus rating of “Hold” and an average price target of $114.79.

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