Gateway Investment Advisers LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 570,659 shares of the transportation company’s stock after selling 21,133 shares during the quarter. Gateway Investment Advisers LLC owned approximately 0.07% of United Parcel Service worth $63,109,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. iAB Financial Bank boosted its stake in shares of United Parcel Service by 2.9% during the first quarter. iAB Financial Bank now owns 8,850 shares of the transportation company’s stock valued at $950,000 after purchasing an additional 250 shares in the last quarter. Clarkston Capital Partners LLC boosted its stake in shares of United Parcel Service by 7.9% during the first quarter. Clarkston Capital Partners LLC now owns 192,019 shares of the transportation company’s stock valued at $20,604,000 after purchasing an additional 14,075 shares in the last quarter. First Merchants Corp boosted its stake in shares of United Parcel Service by 2.4% during the first quarter. First Merchants Corp now owns 6,946 shares of the transportation company’s stock valued at $746,000 after purchasing an additional 165 shares in the last quarter. Hennessy Advisors Inc. boosted its stake in shares of United Parcel Service by 210.6% during the first quarter. Hennessy Advisors Inc. now owns 70,500 shares of the transportation company’s stock valued at $7,565,000 after purchasing an additional 47,800 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in shares of United Parcel Service by 173.4% during the first quarter. Wesbanco Bank Inc. now owns 56,567 shares of the transportation company’s stock valued at $6,069,000 after purchasing an additional 35,876 shares in the last quarter. 52.86% of the stock is currently owned by institutional investors and hedge funds.

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Shares of United Parcel Service, Inc. (NYSE UPS) traded up 0.50% during trading on Friday, hitting $117.85. The stock had a trading volume of 551,623 shares. The company has a market capitalization of $102.05 billion, a PE ratio of 28.98 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. The firm has a 50-day moving average price of $114.04 and a 200 day moving average price of $109.26.

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 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 company 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. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Thursday, August 10th. United Parcel Service’s payout ratio is currently 81.57%.

In other news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on UPS. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $123.00 price target (up from $116.00) on shares of United Parcel Service in a research note on Wednesday. Robert W. Baird reissued a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a research note on Friday, August 25th. Credit Suisse Group reissued a “neutral” rating and set a $108.00 price target on shares of United Parcel Service in a research note on Tuesday, August 15th. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price target for the company from $115.00 to $128.00 in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. United Parcel Service presently has an average rating of “Hold” and an average target price of $115.27.

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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