Cardinal Capital Management lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,070 shares of the transportation company’s stock after selling 160 shares during the period. Cardinal Capital Management’s holdings in United Parcel Service were worth $1,832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Concorde Asset Management LLC boosted its position in United Parcel Service by 9.7% in the third quarter. Concorde Asset Management LLC now owns 3,156 shares of the transportation company’s stock valued at $344,000 after buying an additional 278 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in United Parcel Service by 0.7% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 53,607 shares of the transportation company’s stock valued at $5,862,000 after buying an additional 366 shares during the last quarter. Donald L. Hagan LLC boosted its position in United Parcel Service by 0.6% in the third quarter. Donald L. Hagan LLC now owns 167,531 shares of the transportation company’s stock valued at $18,321,000 after buying an additional 961 shares during the last quarter. GW Henssler & Associates Ltd. boosted its position in United Parcel Service by 2.8% in the third quarter. GW Henssler & Associates Ltd. now owns 76,169 shares of the transportation company’s stock valued at $8,330,000 after buying an additional 2,044 shares during the last quarter. Finally, Savant Capital LLC boosted its position in United Parcel Service by 3.8% in the third quarter. Savant Capital LLC now owns 3,621 shares of the transportation company’s stock valued at $396,000 after buying an additional 131 shares during the last quarter. 53.67% of the stock is owned by hedge funds and other institutional investors.

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

United Parcel Service, Inc. (NYSE:UPS) traded up 0.30% during trading on Friday, reaching $110.59. 4,107,588 shares of the company’s stock traded hands. The company has a 50-day moving average price of $106.48 and a 200 day moving average price of $109.41. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The firm has a market capitalization of $95.97 billion, a PE ratio of 28.25 and a beta of 0.89.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, April 27th. The transportation company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.29 by $0.03. The company had revenue of $15.32 billion during the quarter, compared to analyst estimates of $15.19 billion. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post $5.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th were paid a dividend of $0.83 per share. The ex-dividend date was Thursday, May 11th. This represents a $3.32 annualized dividend and a yield of 3.00%. United Parcel Service’s dividend payout ratio (DPR) is presently 84.69%.

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Several research firms have recently weighed in on UPS. Seaport Global Securities began coverage on shares of United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating for the company. Bank of America Corporation cut shares of United Parcel Service from a “buy” rating to a “neutral” rating and set a $114.00 target price for the company. in a report on Wednesday, February 22nd. Morgan Stanley reduced their target price on shares of United Parcel Service to $77.00 in a report on Wednesday, February 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $115.00 target price on shares of United Parcel Service in a report on Wednesday, February 22nd. Finally, Wells Fargo & Company initiated coverage on shares of United Parcel Service in a report on Monday, March 13th. They set a “market perform” rating and a $115.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $114.00.

In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.59% of the company’s stock.

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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