Investment Counsel Inc. cut its position in United Parcel Service, Inc. (NYSE:UPS) by 11.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,782 shares of the transportation company’s stock after selling 500 shares during the period. Investment Counsel Inc.’s holdings in United Parcel Service were worth $454,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First PREMIER Bank boosted its position in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares in the last quarter. Ullmann Financial Group Inc. acquired a new position in United Parcel Service in the first quarter valued at about $126,000. Parkside Financial Bank & Trust boosted its position in United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after buying an additional 153 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its position in United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares in the last quarter. Finally, Security National Trust Co. boosted its position in United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 53.67% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE UPS) traded down $0.17 during midday trading on Friday, hitting $119.56. 3,004,624 shares of the company’s stock were exchanged, compared to its average volume of 2,840,934. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $125.16. The company has a market capitalization of $102,981.04, a P/E ratio of 19.98, a PEG ratio of 2.15 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. United Parcel Service’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 earnings per share. research analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is 81.37%.

A number of equities analysts have commented on the stock. UBS boosted their price target on shares of United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the company from $125.00 to $135.00 in a research report on Monday, December 4th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research note on Sunday, October 1st. Cowen boosted their target price on shares of United Parcel Service from $115.00 to $124.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Finally, BMO Capital Markets boosted their target price on shares of United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $121.45.

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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.

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

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