Verity & Verity LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,521 shares of the transportation company’s stock after purchasing an additional 1,445 shares during the quarter. Verity & Verity LLC’s holdings in United Parcel Service were worth $2,224,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in United Parcel Service by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 5 shares during the last quarter. Guardian Life Insurance Co. of America lifted its holdings 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 acquiring an additional 18 shares during the last quarter. Conservest Capital Advisors Inc. lifted its holdings 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 acquiring an additional 23 shares during the last quarter. Fort Pitt Capital Group LLC lifted its holdings 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 acquiring an additional 24 shares during the last quarter. Finally, SNS Financial Group LLC lifted its holdings in United Parcel Service by 0.5% in the 2nd quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock valued at $488,000 after acquiring an additional 24 shares during the last quarter. 53.49% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on UPS. Oppenheimer reaffirmed a “buy” rating and set a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Robert W. Baird reaffirmed a “hold” rating and set a $118.00 price objective on shares of United Parcel Service in a research note on Sunday, October 1st. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a research note on Friday, October 27th. BMO Capital Markets upped their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Finally, Loop Capital upped their price objective on shares of United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $121.45.

United Parcel Service, Inc. (NYSE UPS) opened at $118.33 on Thursday. The firm has a market capitalization of $101,970.00, a PE ratio of 19.87, a PEG ratio of 2.14 and a beta of 0.92. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $125.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. The company had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS. sell-side analysts forecast that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

The firm 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. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.81%. United Parcel Service’s dividend payout ratio is 81.57%.

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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.

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

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