Yorktown Management & Research Co Inc lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 493.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,425 shares of the transportation company’s stock after acquiring an additional 9,500 shares during the period. Yorktown Management & Research Co Inc’s holdings in United Parcel Service were worth $1,264,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. State of Wisconsin Investment Board grew its stake in shares of United Parcel Service by 50.0% in the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after acquiring an additional 239,350 shares during the last quarter. Brookstone Capital Management grew its stake in shares of United Parcel Service by 9.0% in the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after acquiring an additional 4,541 shares during the last quarter. Bank of The Ozarks grew its stake in shares of United Parcel Service by 17.9% in the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock worth $625,000 after acquiring an additional 886 shares during the last quarter. Wesbanco Bank Inc. grew its stake in shares of United Parcel Service by 9.4% in the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after acquiring an additional 5,325 shares during the last quarter. Finally, Airain ltd acquired a new stake in shares of United Parcel Service in the first quarter worth $762,000. Institutional investors and hedge funds own 52.87% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) opened at $113.23 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $121.75. The stock has a market capitalization of $97,604.27, a PE ratio of 18.93, a P/E/G ratio of 2.04 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the previous year, the business posted $1.44 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. research 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, November 29th. Investors of record on Monday, November 13th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. United Parcel Service’s dividend payout ratio is 81.37%.

In related news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.59% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Friday, October 6th. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. BidaskClub downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Robert W. Baird reiterated a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a research note on Friday, August 25th. Finally, J P Morgan Chase & Co lifted their price target on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $119.22.

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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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