Johnson Financial Group Inc. reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,100 shares of the transportation company’s stock after selling 2,243 shares during the period. Johnson Financial Group Inc.’s holdings in United Parcel Service were worth $2,479,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust grew its position in United Parcel Service by 17.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after purchasing an additional 160 shares during the last quarter. Security National Trust Co. grew its position in United Parcel Service by 8.9% during the 1st quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock worth $134,000 after purchasing an additional 102 shares during the last quarter. Financial Architects Inc grew its position in United Parcel Service by 14.3% during the 1st quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock worth $140,000 after purchasing an additional 163 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in United Parcel Service by 0.3% during the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock worth $159,000 after purchasing an additional 4 shares during the last quarter. Finally, Crestwood Advisors Group LLC purchased a new position in United Parcel Service during the 1st quarter worth $161,000. 52.93% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the stock. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Seaport Global Securities initiated coverage on shares of United Parcel Service in a report on Tuesday, June 6th. They issued a “neutral” rating on the stock. Credit Suisse Group reaffirmed a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a report on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $114.80.

In related news, insider James J. Barber sold 3,556 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) traded up 0.250% during mid-day trading on Wednesday, reaching $114.205. 523,095 shares of the company were exchanged. The company’s 50 day moving average price is $112.66 and its 200-day moving average price is $108.54. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44. The stock has a market capitalization of $98.90 billion, a P/E ratio of 28.081 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. United Parcel Service’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 14th were given a $0.83 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.91%. United Parcel Service’s dividend payout ratio is presently 81.57%.

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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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