Rothschild Investment Corp IL cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,213 shares of the transportation company’s stock after selling 200 shares during the period. Rothschild Investment Corp IL’s holdings in United Parcel Service were worth $7,765,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of UPS. Sabal Trust CO raised its position in shares of United Parcel Service by 4.6% in the second quarter. Sabal Trust CO now owns 224,305 shares of the transportation company’s stock worth $24,807,000 after buying an additional 9,763 shares in the last quarter. Court Place Advisors LLC bought a new position in shares of United Parcel Service during the second quarter worth $344,000. Private Capital Management Inc. raised its position in shares of United Parcel Service by 20.8% in the second quarter. Private Capital Management Inc. now owns 4,350 shares of the transportation company’s stock worth $481,000 after buying an additional 750 shares in the last quarter. Bourne Lent Asset Management Inc. raised its position in shares of United Parcel Service by 1.8% in the second quarter. Bourne Lent Asset Management Inc. now owns 24,936 shares of the transportation company’s stock worth $2,758,000 after buying an additional 451 shares in the last quarter. Finally, Manning & Napier Advisors LLC raised its position in shares of United Parcel Service by 24.7% in the second quarter. Manning & Napier Advisors LLC now owns 149,738 shares of the transportation company’s stock worth $16,558,000 after buying an additional 29,633 shares in the last quarter. 52.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded down 0.93% during mid-day trading on Thursday, hitting $113.69. 971,271 shares of the stock were exchanged. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The stock has a market cap of $98.45 billion, a PE ratio of 27.95 and a beta of 0.88. The company has a 50-day moving average of $111.41 and a 200 day moving average of $107.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.12. The company 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 for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s dividend payout ratio is presently 81.57%.

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A number of brokerages recently weighed in on UPS. Credit Suisse Group reaffirmed a “neutral” rating and issued a $108.00 price target on shares of United Parcel Service in a research note on Tuesday. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the company from $115.00 to $128.00 in a research note on Tuesday, August 8th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. United Parcel Service has a consensus rating of “Hold” and a consensus target price of $114.57.

In other news, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were 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. 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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