Peachtree Investment Advisors Inc. maintained its stake in United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,513 shares of the transportation company’s stock at the close of the second quarter. Peachtree Investment Advisors Inc.’s holdings in United Parcel Service were worth $499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of UPS. Hennessy Advisors Inc. increased its holdings in United Parcel Service by 210.6% during the 1st 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. Wesbanco Bank Inc. increased its holdings in United Parcel Service by 173.4% during the 1st 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. Welch & Forbes LLC increased its holdings in United Parcel Service by 0.9% during the 1st quarter. Welch & Forbes LLC now owns 83,991 shares of the transportation company’s stock valued at $9,012,000 after purchasing an additional 715 shares in the last quarter. Security National Trust Co. increased its holdings in United Parcel Service by 8.9% during the 1st quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 102 shares in the last quarter. Finally, Access Financial Services Inc. increased its holdings in United Parcel Service by 43.3% during the 1st quarter. Access Financial Services Inc. now owns 14,215 shares of the transportation company’s stock valued at $1,525,000 after purchasing an additional 4,295 shares in the last quarter. 52.86% of the stock is owned by institutional investors and hedge funds.

United Parcel Service, Inc. (UPS) traded up 0.35% during mid-day trading on Friday, hitting $117.67. The company had a trading volume of 1,883,335 shares. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The company’s 50 day moving average price is $114.04 and its 200-day moving average price is $109.26. The firm has a market capitalization of $101.90 billion, a PE ratio of 28.93 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. On average, analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

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

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction dated 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 the SEC website. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction dated Monday, July 31st. The shares were 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. Company insiders own 0.59% of the company’s stock.

A number of equities research analysts recently weighed in on UPS shares. Seaport Global Securities started coverage on United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating for the company. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a report on Monday, July 3rd. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $115.27.

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United Parcel Service 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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