Atria Investments LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,436 shares of the transportation company’s stock after acquiring an additional 1,653 shares during the quarter. Atria Investments LLC’s holdings in United Parcel Service were worth $6,352,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Parsec Financial Management Inc. raised its position in shares of United Parcel Service by 13.9% in the first quarter. Parsec Financial Management Inc. now owns 62,547 shares of the transportation company’s stock valued at $6,711,000 after purchasing an additional 7,651 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of United Parcel Service by 22.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 800,000 shares of the transportation company’s stock valued at $85,840,000 after purchasing an additional 145,000 shares during the period. Financial Architects Inc raised its position in shares of United Parcel Service by 14.3% in 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. IFP Advisors Inc raised its position in shares of United Parcel Service by 10.2% in the first quarter. IFP Advisors Inc now owns 38,558 shares of the transportation company’s stock valued at $4,137,000 after purchasing an additional 3,560 shares during the period. Finally, Breton Hill Capital Ltd. raised its position in shares of United Parcel Service by 38.2% in the first quarter. Breton Hill Capital Ltd. now owns 14,798 shares of the transportation company’s stock valued at $1,588,000 after purchasing an additional 4,091 shares during the period. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

In other United Parcel Service news, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction on Monday, July 31st. The stock was 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 SEC, which can be accessed through this link. Also, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.24% during midday trading on Monday, hitting $118.18. 824,764 shares of the stock traded hands. The company has a market capitalization of $102.34 billion, a PE ratio of 29.06 and a beta of 0.88. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The firm’s 50 day moving average price is $113.62 and its 200 day moving average price is $109.06.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the prior year, the business earned $1.43 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, August 10th. United Parcel Service’s dividend payout ratio is 81.57%.

UPS has been the topic of a number of recent analyst reports. Seaport Global Securities initiated coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating 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. Sanford C. Bernstein reissued an “outperform” rating and issued a $127.00 price target on shares of United Parcel Service in a research report on Monday, July 3rd. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and an average price target of $114.80.

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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.

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

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