First Command Bank boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,465 shares of the transportation company’s stock after buying an additional 214 shares during the quarter. First Command Bank’s holdings in United Parcel Service were worth $272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased 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 valued at $159,000 after purchasing an additional 4 shares during the period. Weatherly Asset Management L. P. increased its position in United Parcel Service by 0.4% during the 1st quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock valued at $446,000 after purchasing an additional 15 shares during the period. Guardian Life Insurance Co. of America increased its position in United Parcel Service by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock valued at $285,000 after purchasing an additional 18 shares during the period. Conservest Capital Advisors Inc. increased its position in United Parcel Service by 0.8% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 23 shares during the period. Finally, Fort Pitt Capital Group LLC increased its position in United Parcel Service by 1.0% during the 1st quarter. Fort Pitt Capital Group LLC now owns 2,332 shares of the transportation company’s stock valued at $250,000 after purchasing an additional 24 shares during the period. Institutional investors own 52.94% of the company’s stock.

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UPS has been the topic of a number of research reports. 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 reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Sanford C. Bernstein reissued an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Finally, Robert W. Baird reissued a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $114.80.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.

United Parcel Service, Inc. (UPS) traded up 0.44% during mid-day trading on Friday, reaching $117.90. 3,411,257 shares of the company’s stock traded hands. The stock’s 50 day moving average is $113.62 and its 200-day moving average is $109.06. The stock has a market capitalization of $102.10 billion, a PE ratio of 28.99 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 issued its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. On average, equities analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 14th were issued a $0.83 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.32 annualized dividend and a yield of 2.82%. United Parcel Service’s dividend payout ratio (DPR) is 81.57%.

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

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