Kovitz Investment Group Partners LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 325,203 shares of the transportation company’s stock after buying an additional 3,073 shares during the period. United Parcel Service makes up 1.9% of Kovitz Investment Group Partners LLC’s portfolio, making the stock its 26th largest position. Kovitz Investment Group Partners LLC’s holdings in United Parcel Service were worth $34,895,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Tompkins Financial Corp boosted its stake 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 in the last quarter. Parkside Financial Bank & Trust boosted its stake 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 in the last quarter. Security National Trust Co. boosted its stake in United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock worth $134,000 after buying an additional 102 shares in the last quarter. Financial Architects Inc boosted its stake in United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock worth $140,000 after buying an additional 163 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake 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 in the last quarter. Institutional investors own 53.10% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.47% during midday trading on Friday, reaching $111.44. 2,077,867 shares of the company were exchanged. The company has a 50 day moving average price of $111.07 and a 200-day moving average price of $108.07. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The stock has a market capitalization of $96.50 billion, a P/E ratio of 27.40 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last issued 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 for 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 company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. On average, analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.32 annualized dividend and a yield of 2.98%. United Parcel Service’s payout ratio is presently 81.57%.

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A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday. Citigroup Inc. raised shares of 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 report on Tuesday, August 8th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $114.79.

In other United Parcel Service 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 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. Corporate insiders own 0.59% of the company’s stock.

About United Parcel Service

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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