Saturna Capital CORP reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 312,094 shares of the transportation company’s stock after selling 400 shares during the period. Saturna Capital CORP’s holdings in United Parcel Service were worth $33,488,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in UPS. Tompkins Financial Corp boosted its stake in shares of 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 during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of 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 during the last quarter. Security National Trust Co. boosted its stake in shares of 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 during the last quarter. Financial Architects Inc boosted its stake in shares of 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 during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of 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. 53.10% of the stock is owned by institutional investors.

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 traded hands. The firm 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 one year low of $102.12 and a one year high of $120.44. The firm has a market capitalization of $96.50 billion, a price-to-earnings ratio of 27.40 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company posted $1.43 EPS. Equities analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

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

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UPS has been the subject of a number of recent research reports. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report 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 company presently has an average rating of “Hold” and an average target price of $114.79.

In other news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service 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. Company 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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