Foresters Investment Management Company Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,301 shares of the transportation company’s stock after buying an additional 1,401 shares during the period. Foresters Investment Management Company Inc.’s holdings in United Parcel Service were worth $5,719,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock valued at $159,000 after buying an additional 4 shares during the last quarter. Weatherly Asset Management L. P. raised its position in shares of United Parcel Service by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock valued at $446,000 after buying an additional 15 shares during the last quarter. Fort Pitt Capital Group LLC raised its position in shares of United Parcel Service by 1.0% in the first quarter. Fort Pitt Capital Group LLC now owns 2,332 shares of the transportation company’s stock valued at $250,000 after buying an additional 24 shares during the last quarter. Cadence Bank NA raised its position in shares of United Parcel Service by 1.0% in the first quarter. Cadence Bank NA now owns 2,534 shares of the transportation company’s stock valued at $272,000 after buying an additional 25 shares during the last quarter. Finally, Wrapmanager Inc. raised its position in shares of United Parcel Service by 0.5% in the first quarter. Wrapmanager Inc. now owns 6,400 shares of the transportation company’s stock valued at $687,000 after buying an additional 29 shares during the last quarter. Institutional investors own 52.93% of the company’s stock.

Shares of United Parcel Service, Inc. (UPS) traded up 0.33% during trading on Friday, reaching $114.74. The company had a trading volume of 441,551 shares. The company has a 50 day moving average of $112.51 and a 200-day moving average of $108.44. The firm has a market capitalization of $99.36 billion, a P/E ratio of 28.21 and a beta of 0.88. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.44.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts expect 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 was paid on Wednesday, August 30th. Investors of record on Monday, August 14th were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.90%. United Parcel Service’s payout ratio is presently 81.57%.

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Several research analysts have recently weighed in on the stock. Credit Suisse Group reiterated a “neutral” rating and set a $108.00 price objective on shares of United Parcel Service in a report on Tuesday, August 15th. Robert W. Baird restated a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a report on Friday, August 25th. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub lowered shares of United Parcel Service from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. upgraded 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 report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. United Parcel Service has a consensus rating of “Hold” and an average target price of $114.80.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the firm’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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,255 shares of company stock valued at $2,628,619. 0.59% of the stock is owned by corporate insiders.

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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