Farmers Trust Co. trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 6.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,093 shares of the transportation company’s stock after selling 133 shares during the period. Farmers Trust Co.’s holdings in United Parcel Service were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in United Parcel Service by 0.3% in 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 buying an additional 4 shares in the last quarter. Weatherly Asset Management L. P. increased its position in United Parcel Service by 0.4% in the 1st 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 in the last quarter. Guardian Life Insurance Co. of America increased its position in United Parcel Service by 0.7% in 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 buying an additional 18 shares in the last quarter. Conservest Capital Advisors Inc. increased its position in United Parcel Service by 0.8% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock valued at $322,000 after buying an additional 23 shares in the last quarter. Finally, Fort Pitt Capital Group LLC increased its position in United Parcel Service by 1.0% in the 1st 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 in the last quarter. 52.94% of the stock is owned by institutional investors and hedge funds.

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In related news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.44% during trading on Friday, hitting $117.90. The stock had a trading volume of 3,411,257 shares. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.44. The stock has a 50 day moving average of $113.62 and a 200 day moving average of $109.06. The firm has a market cap of $102.10 billion, a PE ratio of 28.99 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last announced its quarterly 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 company had revenue of $15.75 billion during 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 firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm 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 declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 14th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 81.57%.

A number of analysts recently commented on UPS shares. BidaskClub raised 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 research report on Wednesday, July 19th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research report on Friday, August 25th. Finally, Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $114.80.

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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