Hancock Holding Co. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,188 shares of the transportation company’s stock after selling 40 shares during the period. Hancock Holding Co.’s holdings in United Parcel Service were worth $242,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. State of Wisconsin Investment Board lifted its position in shares of United Parcel Service by 50.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after buying an additional 239,350 shares in the last quarter. Brookstone Capital Management lifted its position in shares of United Parcel Service by 9.0% during the 2nd quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after buying an additional 4,541 shares in the last quarter. Bank of The Ozarks lifted its position in shares of United Parcel Service by 17.9% during the 1st quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock valued at $625,000 after buying an additional 886 shares in the last quarter. Wesbanco Bank Inc. lifted its position in shares of United Parcel Service by 9.4% during the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock valued at $6,845,000 after buying an additional 5,325 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of United Parcel Service by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after buying an additional 1,030,326 shares in the last quarter. Institutional investors and hedge funds own 53.07% of the company’s stock.

Shares of United Parcel Service, Inc. (UPS) opened at $112.94 on Friday. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $121.75. The stock has a market capitalization of $97,323.79, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. 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 (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $15.62 billion. During the same period last year, the company earned $1.44 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. sell-side analysts anticipate 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 will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.37%.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is owned by company insiders.

WARNING: “Hancock Holding Co. Sells 40 Shares of United Parcel Service, Inc. (UPS)” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://www.dailypolitical.com/2017/11/19/hancock-holding-co-sells-40-shares-of-united-parcel-service-inc-ups.html.

A number of research analysts have recently issued reports on UPS shares. J P Morgan Chase & Co increased their target price on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Loop Capital increased their target price on United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Friday, October 6th. Credit Suisse Group reiterated a “hold” rating and set a $116.00 target price (up previously from $108.00) on shares of United Parcel Service in a research report on Thursday, October 12th. They noted that the move was a valuation call. Finally, BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $120.74.

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with MarketBeat.com's FREE daily email newsletter.