Charter Trust Co. cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,038 shares of the transportation company’s stock after selling 2,914 shares during the period. United Parcel Service comprises about 1.4% of Charter Trust Co.’s investment portfolio, making the stock its 18th largest position. Charter Trust Co.’s holdings in United Parcel Service were worth $11,948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in shares of United Parcel Service by 17.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 160 shares during the period. First PREMIER Bank increased its position in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 50 shares during the period. Ullmann Financial Group Inc. bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $126,000. Security National Trust Co. increased its position in shares of United Parcel Service by 8.9% during the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 102 shares during the period. Finally, Financial Architects Inc increased its position in shares of United Parcel Service by 14.3% during the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 52.94% of the company’s stock.

A number of analysts have recently issued reports on UPS shares. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Sanford C. Bernstein restated an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a research report on Monday, July 3rd. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $114.80.

United Parcel Service, Inc. (UPS) traded up 0.44% during trading on Friday, reaching $117.90. The company’s stock had a trading volume of 3,411,257 shares. The company’s 50 day moving average price is $113.62 and its 200-day moving average price is $109.06. The stock has a market cap of $102.10 billion, a P/E ratio of 28.99 and a beta of 0.88. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results 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. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The company had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the company posted $1.43 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

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

In other news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction on Tuesday, August 22nd. The stock was 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 at this hyperlink. Also, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction 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. Company insiders own 0.59% of the company’s stock.

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United Parcel Service 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.

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

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