Wilbanks Smith & Thomas Asset Management LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,658 shares of the transportation company’s stock after selling 253 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in United Parcel Service were worth $957,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Scotia Capital Inc. raised its stake in United Parcel Service by 5.8% during the 2nd quarter. Scotia Capital Inc. now owns 150,636 shares of the transportation company’s stock worth $16,657,000 after acquiring an additional 8,306 shares in the last quarter. Rowland & Co. Investment Counsel ADV raised its stake in United Parcel Service by 2.1% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 28,796 shares of the transportation company’s stock worth $3,186,000 after acquiring an additional 590 shares in the last quarter. Laurel Wealth Advisors Inc. raised its stake in United Parcel Service by 21.3% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 19,269 shares of the transportation company’s stock worth $2,130,000 after acquiring an additional 3,389 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in United Parcel Service by 9.7% during the 2nd quarter. Coldstream Capital Management Inc. now owns 2,177 shares of the transportation company’s stock worth $241,000 after acquiring an additional 193 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in United Parcel Service by 12.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,128,542 shares of the transportation company’s stock worth $235,395,000 after acquiring an additional 233,165 shares in the last quarter. 53.66% of the stock is owned by institutional investors and hedge funds.

Shares of United Parcel Service, Inc. (UPS) traded up $3.85 during trading on Thursday, hitting $119.04. 4,122,000 shares of the stock were exchanged, compared to its average volume of 2,690,255. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $121.75. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. The firm has a market capitalization of $99,262.68, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.07 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last issued its quarterly 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 net margin of 5.58% and a return on equity of 551.29%. The business had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the business posted $1.44 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. equities analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were paid a dividend of $0.83 per share. The ex-dividend date was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.79%. United Parcel Service’s dividend payout ratio (DPR) is 81.37%.

UPS has been the topic of several research analyst reports. 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. Robert W. Baird restated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a research note on Friday, August 25th. Cowen restated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. J P Morgan Chase & Co lifted their price objective on shares of United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, Goldman Sachs Group began coverage on shares of United Parcel Service in a research note on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. United Parcel Service has an average rating of “Hold” and a consensus target price of $120.74.

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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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