US Bancorp DE lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 374,182 shares of the transportation company’s stock after selling 11,038 shares during the period. US Bancorp DE’s holdings in United Parcel Service were worth $41,380,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Wealth Management LLC bought a new position in shares of United Parcel Service during the second quarter valued at approximately $102,000. Tompkins Financial Corp increased its position in shares of United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock valued at $106,000 after buying an additional 75 shares during the last quarter. First PREMIER Bank increased its position in shares of United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock valued at $107,000 after buying an additional 100 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares during the last quarter. Finally, Ullmann Financial Group Inc. bought a new position in shares of United Parcel Service during the first quarter valued at approximately $126,000. 53.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (NYSE UPS) traded up 0.15% during mid-day trading on Wednesday, reaching $112.06. The company’s stock had a trading volume of 709,809 shares. The company has a market cap of $96.93 billion, a P/E ratio of 27.55 and a beta of 0.88. The company has a 50-day moving average of $110.81 and a 200-day moving average of $108.17. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s payout ratio is 81.57%.

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Several brokerages have commented on UPS. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub downgraded United Parcel Service from a “sell” rating to a “strong sell” rating in a report on Saturday. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $115.00 to $128.00 in a report on Tuesday. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $114.79.

In other news, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

United Parcel Service Company 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.

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

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