Bank of Nova Scotia Trust Co. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,151 shares of the transportation company’s stock after buying an additional 562 shares during the quarter. Bank of Nova Scotia Trust Co.’s holdings in United Parcel Service were worth $3,224,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. 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 worth $79,456,000 after buying an additional 239,350 shares during the period. Brookstone Capital Management raised its position in United Parcel Service by 9.0% in the 2nd quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after purchasing an additional 4,541 shares during the last quarter. Wesbanco Bank Inc. raised its position in United Parcel Service by 9.4% in the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock valued at $6,845,000 after purchasing an additional 5,325 shares during the last quarter. Bank of The Ozarks raised its position in United Parcel Service by 17.9% in the 1st quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock valued at $625,000 after purchasing an additional 886 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in United Parcel Service by 2.2% in 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 purchasing an additional 1,030,326 shares during the last quarter. Institutional investors and hedge funds own 53.11% of the company’s stock.

Several equities analysts have issued reports on UPS shares. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research report on Friday, October 6th. BidaskClub downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Robert W. Baird reiterated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a research report on Friday, August 25th. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Finally, J P Morgan Chase & Co lifted their price objective 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. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $120.74.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $113.77 on Thursday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $121.75. The company has a market capitalization of $98,168.28, a price-to-earnings ratio of 19.05, a P/E/G ratio of 2.05 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 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 analysts’ expectations of $15.62 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. analysts anticipate that United Parcel Service, Inc. will post 6.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be paid a dividend of $0.83 per share. The ex-dividend date is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.92%. United Parcel Service’s dividend payout ratio (DPR) is presently 81.37%.

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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.

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

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