Bank of The West increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,133 shares of the transportation company’s stock after acquiring an additional 561 shares during the period. Bank of The West’s holdings in United Parcel Service were worth $1,895,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its holdings in United Parcel Service by 17.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after acquiring an additional 160 shares during the period. First PREMIER Bank grew its holdings in United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after acquiring an additional 50 shares during the period. Ullmann Financial Group Inc. acquired a new position in United Parcel Service during the first quarter worth $126,000. Security National Trust Co. grew its holdings in United Parcel Service by 8.9% during the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock worth $134,000 after acquiring an additional 102 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in United Parcel Service by 0.3% during 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 acquiring an additional 4 shares during the period. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on 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 SEC, which is available through this hyperlink. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

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Shares of United Parcel Service, Inc. (UPS) traded up 0.35% during mid-day trading on Friday, hitting $117.67. The stock 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 has a 50 day moving average price of $114.04 and a 200 day moving average price of $109.26. The firm has a market cap of $101.90 billion, a P/E ratio of 28.93 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 EPS. Equities analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

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

A number of brokerages recently weighed in on UPS. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $123.00 price objective (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $115.00 to $128.00 in a report on Tuesday, August 8th. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Finally, Seaport Global Securities began coverage on United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $115.27.

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.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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