Meyer Handelman Co. lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,330 shares of the transportation company’s stock after selling 1,700 shares during the quarter. Meyer Handelman Co.’s holdings in United Parcel Service were worth $2,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. State of Wisconsin Investment Board raised its stake in United Parcel Service by 50.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after purchasing an additional 239,350 shares during the period. Brookstone Capital Management raised its stake in United Parcel Service by 9.0% during the 2nd quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after purchasing an additional 4,541 shares during the period. Wesbanco Bank Inc. raised its stake in United Parcel Service by 9.4% during the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock valued at $6,845,000 after purchasing an additional 5,325 shares during the period. Vanguard Group Inc. raised its stake in United Parcel Service by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after purchasing an additional 1,030,326 shares during the period. Finally, Dividend Assets Capital LLC bought a new stake in United Parcel Service in the 2nd quarter worth approximately $575,000. 53.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on UPS. UBS lifted their price objective on United Parcel Service from $117.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $135.00 in a research note on Monday, December 4th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a research note on Sunday, October 1st. Cowen lifted their price objective on 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 lifted their price objective on 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 given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $121.45.

Shares of United Parcel Service, Inc. (NYSE UPS) traded up $0.10 during trading on Tuesday, hitting $118.15. The stock had a trading volume of 1,342,777 shares, compared to its average volume of 2,723,542. The stock has a market cap of $102,981.04, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $125.16.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is 81.37%.

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United Parcel Service Company 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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